Short Interest in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Declines By 49.0%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIPGet Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 39,905 shares, a decline of 49.0% from the August 15th total of 78,312 shares. Based on an average trading volume of 270,403 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Global X 1-3 Month T-Bill ETF Stock Up 0.0%

Shares of NYSEARCA:CLIP traded up $0.03 during mid-day trading on Tuesday, hitting $100.19. The stock had a trading volume of 94,811 shares, compared to its average volume of 333,377. The company’s 50 day moving average is $100.21 and its 200-day moving average is $100.21. Global X 1-3 Month T-Bill ETF has a 12-month low of $100.05 and a 12-month high of $100.45.

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

A number of hedge funds have recently modified their holdings of the business. IFP Advisors Inc grew its holdings in shares of Global X 1-3 Month T-Bill ETF by 29.8% during the second quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock valued at $195,000 after buying an additional 447 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Global X 1-3 Month T-Bill ETF by 89.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,760 shares of the company’s stock worth $4,090,000 after acquiring an additional 19,279 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in Global X 1-3 Month T-Bill ETF in the 2nd quarter worth about $118,000. Balefire LLC acquired a new stake in Global X 1-3 Month T-Bill ETF during the 2nd quarter worth about $420,000. Finally, Stillwater Private Wealth LLC acquired a new stake in Global X 1-3 Month T-Bill ETF during the 1st quarter worth about $253,000.

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

(Get Free Report)

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.

Further Reading

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