Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Significant Increase in Short Interest

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 71,052 shares, an increase of 120.0% from the April 15th total of 32,292 shares. Based on an average daily trading volume, of 212,757 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global X 1-3 Month T-Bill ETF

Several institutional investors have recently bought and sold shares of CLIP. Jane Street Group LLC acquired a new stake in Global X 1-3 Month T-Bill ETF in the 1st quarter worth about $440,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Global X 1-3 Month T-Bill ETF by 9.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 175,510 shares of the company’s stock worth $17,625,000 after buying an additional 15,880 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 115.4% during the 2nd quarter. Bank of America Corp DE now owns 41,007 shares of the company’s stock worth $4,118,000 after purchasing an additional 21,968 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 29.4% during the 2nd quarter. MML Investors Services LLC now owns 13,309 shares of the company’s stock worth $1,336,000 after purchasing an additional 3,026 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the 2nd quarter worth approximately $571,000.

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

CLIP stock opened at $100.23 on Friday. Global X 1-3 Month T-Bill ETF has a 12-month low of $100.04 and a 12-month high of $100.47. The business’s 50-day moving average is $100.22 and its 200 day moving average is $100.24.

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.