Short Interest in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Drops By 70.8%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 44,522 shares, a decline of 70.8% from the June 30th total of 152,649 shares. Based on an average daily trading volume, of 269,032 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CLIP. Sound Income Strategies LLC purchased a new stake in Global X 1-3 Month T-Bill ETF in the 4th quarter valued at approximately $40,000. Wells Fargo & Company MN acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth $65,000. Center for Financial Planning Inc. purchased a new stake in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at $113,000. Geneos Wealth Management Inc. acquired a new stake in shares of Global X 1-3 Month T-Bill ETF during the first quarter valued at $146,000. Finally, Signal Advisors Wealth LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter valued at $212,000.

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

NYSEARCA:CLIP opened at $100.30 on Friday. The firm has a 50-day moving average price of $100.21 and a two-hundred day moving average price of $100.22. Global X 1-3 Month T-Bill ETF has a twelve month low of $100.05 and a twelve month high of $100.47.

About Global X 1-3 Month T-Bill ETF

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.