“Significant Capital Inflows Recorded in BIL ETF”

Updated On: December 20, 2024 4:40 pm

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

ETF BIL Reports $324.1 Million Inflow, Increasing Outstanding Units

Recent data from ETF Channel reveals that the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL) experienced an inflow of approximately $324.1 million. This represents a 0.9% week-over-week increase in outstanding units, rising from 377,894,503 to 381,444,503.

The chart below illustrates BIL’s price performance over the past year compared to its 200-day moving average:

SPDR Bloomberg 1-3 Month T-Bill ETF 200 Day Moving Average Chart

BIL’s 52-week price range shows a low of $91.29 per share, with a high of $91.83. The latest trade price stands at $91.33. Investors often find it useful to compare the latest share price to the 200-day moving average as part of a technical analysis strategy.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of shares. These units can be traded like stocks and also adjusted based on market demand. Each week, we track the changes in outstanding units to identify ETFs with significant inflows (new units created) or outflows (old units removed). The creation of new units means purchasing the underlying assets of the ETF, while the removal of units involves selling those assets. Therefore, large inflows or outflows can impact the components held within ETFs.

Click here to find out which 9 other ETFs had notable inflows »