SPDR Bloomberg T-Bill ETF Sees Significant Inflow and Share Growth

In the latest week, the SPDR Bloomberg 3-12 Month T-Bill ETF (Symbol: BILS) experienced a substantial increase in shares outstanding, with inflows amounting to approximately $178.7 million. This represents a 4.8% jump in outstanding units, growing from 37,200,000 to 39,000,000 units.

Performance Overview

The chart below illustrates BILS’s one-year price performance in relation to its 200-day moving average:

Share Price Metrics

BILS has reached a low of $98.965 and a high of $99.60 within the past year, with the latest trade price standing at $99.31. Utilizing the 200-day moving average in conjunction with the recent share price can provide valuable insights for investors looking to engage in technical analysis.

Understanding ETFs

Exchange-traded funds (ETFs) operate similarly to stocks, but investors are actually trading “units” instead of shares. These units can be traded back and forth like stocks and can also be created or destroyed based on market demand. Each week, we analyze the fluctuations in shares outstanding to identify ETFs with significant inflows or outflows. When new units are created, the underlying assets must be purchased, whereas a decrease in units involves selling off the underlying holdings. Significant movement can influence the individual components held within the ETFs.

Click here to discover 9 other ETFs with notable inflows »

also see:

• Shares Outstanding History
• HEFA Videos
• CARZ Dividend History

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