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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIPGet Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 44,522 shares, a drop of 70.8% from the June 30th total of 152,649 shares. Based on an average daily volume of 269,032 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

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

Shares of Global X 1-3 Month T-Bill ETF stock traded up $0.02 during trading on Monday, hitting $100.32. 126,031 shares of the stock traded hands, compared to its average volume of 335,176. Global X 1-3 Month T-Bill ETF has a twelve month low of $100.05 and a twelve month high of $100.45. The company has a fifty day moving average price of $100.21 and a two-hundred day moving average price of $100.22.

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

A number of hedge funds have recently bought and sold shares of the stock. United Advisor Group LLC boosted its position in shares of Global X 1-3 Month T-Bill ETF by 1.8% during the 4th quarter. United Advisor Group LLC now owns 8,456 shares of the company’s stock valued at $847,000 after acquiring an additional 152 shares in the last quarter. Portland Financial Advisors Inc increased its stake in shares of Global X 1-3 Month T-Bill ETF by 5.8% in the first quarter. Portland Financial Advisors Inc now owns 3,382 shares of the company’s stock valued at $339,000 after buying an additional 184 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Global X 1-3 Month T-Bill ETF by 13.1% during the 4th quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock worth $244,000 after buying an additional 283 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Global X 1-3 Month T-Bill ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,921 shares of the company’s stock worth $293,000 after buying an additional 348 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter worth about $40,000.

About Global X 1-3 Month T-Bill ETF

(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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