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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a large 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 270,403 shares, the days-to-cover ratio is currently 0.1 days.

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

CLIP stock opened at $100.20 on Thursday. The business’s fifty day moving average price is $100.21 and its two-hundred day moving average price is $100.21. Global X 1-3 Month T-Bill ETF has a fifty-two week low of $100.05 and a fifty-two week high of $100.45.

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

A number of institutional investors have recently bought and sold shares of CLIP. Bleakley Financial Group LLC acquired a new stake in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at about $90,706,000. RHL Group LLC acquired a new position in Global X 1-3 Month T-Bill ETF during the fourth quarter worth about $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 fourth quarter. 3EDGE Asset Management LP now owns 263,152 shares of the company’s stock worth $26,339,000 after acquiring an additional 218,102 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Global X 1-3 Month T-Bill ETF by 298.5% in the first quarter. Cetera Investment Advisers now owns 271,222 shares of the company’s stock worth $27,220,000 after acquiring an additional 203,166 shares during the last quarter. Finally, Maridea Wealth Management LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 1st quarter valued at approximately $12,981,000.

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.