SPDR Bloomberg 1-3 Month T-Bill ETF Sees Significant Inflows
In recent analysis of exchange-traded funds (ETFs), the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL) has emerged as a significant player. An inflow of approximately $751.0 million has been detected, marking a 2.2% increase in outstanding units, which rose from 369,694,503 to 377,894,503 within just one week.
The chart below illustrates BIL’s price performance over the past year compared to its 200-day moving average:
According to data, BIL’s price has fluctuated within a 52-week range, hitting a low of $91.21 per share and a high of $91.83. The most recent trade price is $91.60. Investors often use the comparison of the latest share price against the 200-day moving average to assist with technical analysis.
ETFs function similarly to stocks; however, instead of trading “shares,” investors buy and sell “units.” These units can be created or destroyed, depending on investor demand. Each week, we track changes in the number of shares outstanding to identify ETFs experiencing significant inflows or outflows. A creation of new units implies that the underlying assets must be purchased, while the destruction of units involves selling off holdings. Thus, substantial cash flows can influence the individual stocks within the ETFs.
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