Short Interest in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Decreases By 41.1%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 65,825 shares, a drop of 41.1% from the May 14th total of 111,686 shares. Based on an average trading volume of 543,530 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

Global X 1-3 Month T-Bill ETF Price Performance

Shares of CLIP stock traded up $0.01 during mid-day trading on Monday, reaching $100.20. The stock had a trading volume of 340,951 shares, compared to its average volume of 361,017. The firm’s 50 day simple moving average is $100.21 and its 200 day simple moving average is $100.23. Global X 1-3 Month T-Bill ETF has a one year low of $100.04 and a one year high of $100.47.

Institutional Trading of Global X 1-3 Month T-Bill ETF

A number of hedge funds have recently modified their holdings of the company. United Advisor Group LLC lifted its position in shares of Global X 1-3 Month T-Bill ETF by 1.8% in the 4th quarter. United Advisor Group LLC now owns 8,456 shares of the company’s stock worth $847,000 after acquiring an additional 152 shares during the period. Portland Financial Advisors Inc lifted its position in shares of Global X 1-3 Month T-Bill ETF by 5.8% during the 1st quarter. Portland Financial Advisors Inc now owns 3,382 shares of the company’s stock worth $339,000 after buying an additional 184 shares during the period. Kestra Advisory Services LLC lifted its position in shares of Global X 1-3 Month T-Bill ETF by 13.1% during the 4th quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock worth $244,000 after buying an additional 283 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Global X 1-3 Month T-Bill ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,921 shares of the company’s stock worth $293,000 after buying an additional 348 shares during the period. Finally, Sound Income Strategies LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter worth approximately $40,000.

Global X 1-3 Month T-Bill ETF Company Profile

The Global X 1-3 Month T-Bill ETF (CLIP) is an exchange-traded fund that is based on the Solactive 1-3 month US T-Bill – USD index. The fund tracks a market value-weighted index of USD-denominated, zero-coupon US Treasury bills with a time to maturity of one to three months. CLIP was launched on Jun 20, 2023 and is managed by Global X.