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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 65,825 shares, a decline of 41.1% from the May 14th total of 111,686 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 543,530 shares, the short-interest ratio is currently 0.1 days.

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

NYSEARCA:CLIP traded up $0.01 during trading hours on Tuesday, hitting $100.21. The company’s stock had a trading volume of 191,157 shares, compared to its average volume of 359,459. Global X 1-3 Month T-Bill ETF has a 52-week low of $100.04 and a 52-week high of $100.47. The stock has a fifty day moving average of $100.21 and a 200-day moving average of $100.23.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter valued at $301,029,000. Bleakley Financial Group LLC acquired a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter worth $90,706,000. RHL Group LLC acquired a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at $63,489,000. 3EDGE Asset Management LP lifted its holdings in shares of Global X 1-3 Month T-Bill ETF by 484.1% in the 4th quarter. 3EDGE Asset Management LP now owns 263,152 shares of the company’s stock valued at $26,339,000 after purchasing an additional 218,102 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Global X 1-3 Month T-Bill ETF by 298.5% during the first quarter. Cetera Investment Advisers now owns 271,222 shares of the company’s stock worth $27,220,000 after buying an additional 203,166 shares during the last quarter.

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.