SPDR Bloomberg 1-3 Month T-Bill ETF Sees Notable Inflows
ETF BIL Experiences $201.7 Million Week-Over-Week Surge
Today, we noticed a significant week-over-week change in shares outstanding for the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL). The ETF saw an inflow of approximately $201.7 million, representing a 0.6% increase in outstanding units, rising from 373,094,503 units to 375,294,503 units.
The chart below illustrates BIL’s one-year price performance compared to its 200-day moving average:
BIL’s price range over the last year reflects a low of $91.21 per share and a high of $91.85. The most recent trading price stands at $91.72. Investors often assess the current share price against the 200-day moving average as a technical analysis method.
Exchange-Traded Funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of “shares.” Unlike traditional stocks, these units can be created or destroyed in response to market demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows, indicating the creation of new units, or outflows, indicating the destruction of old units. Creating new units generally requires purchasing the underlying holdings of the ETF, while destroying units involves selling those holdings. Consequently, large flows can influence the individual components within these ETFs.
Click here to find 9 other ETFs with notable inflows »
Also see:
- Technology Dividend Stock List
- ETFs Holding ENIA
- CAE Split History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
