SPDR Bloomberg 1-3 Month T-Bill ETF Sees Significant Inflows

Today, we highlight a notable week-over-week change in shares outstanding among ETFs, focusing on the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL). This ETF has experienced an inflow of approximately $4.1 billion, which translates to a 9.7% increase in outstanding units, rising from 459,994,503 to 504,494,503 units.

The following chart illustrates BIL’s one-year price performance, compared against its 200-day moving average:

BIL has a low point of $91.29 and a high of $91.83 in its 52-week range, with the most recent trade reported at $91.58. Investors may find it insightful to compare the latest share price with the 200-day moving average, which can be an effective component of technical analysis. For further information on this analysis technique, refer to our article on the 200-day moving average.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” rather than “shares.” These units can be traded like stocks, but they can also be created or destroyed to meet investor demand. Each week, we track the changes in shares outstanding to identify ETFs that are experiencing significant inflows (due to the creation of new units) or outflows (indicative of unit destruction). The creation of new units necessitates purchasing the underlying holdings of the ETF, while the destruction of units requires selling these holdings. Therefore, large inflows or outflows can impact the individual components within the ETFs.

Click here to see which 9 other ETFs recorded significant inflows »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.