SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Sees Significant Growth in Short Interest

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,055,219 shares, an increase of 109.0% from the December 31st total of 1,940,422 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 8,399,569 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 8,399,569 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.9% of the company’s shares are short sold.

SPDR Bloomberg 1-3 Month T-Bill ETF Stock Performance

NYSEARCA BIL opened at $91.65 on Friday. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12 month low of $91.26 and a 12 month high of $91.78. The company’s 50-day moving average price is $91.50 and its 200-day moving average price is $91.58.

Institutional Trading of SPDR Bloomberg 1-3 Month T-Bill ETF

A number of large investors have recently modified their holdings of the company. Captrust Financial Advisors raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 75.6% during the 2nd quarter. Captrust Financial Advisors now owns 5,777,775 shares of the company’s stock valued at $529,995,000 after purchasing an additional 2,487,366 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 103.5% in the third quarter. AQR Capital Management LLC now owns 4,497,115 shares of the company’s stock valued at $412,610,000 after acquiring an additional 2,287,314 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 14.6% in the second quarter. Bank of America Corp DE now owns 17,775,986 shares of the company’s stock valued at $1,630,591,000 after acquiring an additional 2,270,073 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 466.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,562,730 shares of the company’s stock worth $143,380,000 after acquiring an additional 1,286,774 shares during the period. Finally, Synergy Asset Management LLC grew its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 194.7% during the 3rd quarter. Synergy Asset Management LLC now owns 1,879,535 shares of the company’s stock worth $172,422,000 after acquiring an additional 1,241,735 shares in the last quarter.

About SPDR Bloomberg 1-3 Month T-Bill ETF

The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills with a maturity of at least 1 month, but less than 3 months. BIL was launched on May 25, 2007 and is managed by State Street.