Short Interest in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Increases By 189.1%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 152,649 shares, an increase of 189.1% from the June 15th total of 52,798 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 251,701 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased 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. increased its holdings in shares of 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 valued at $17,625,000 after purchasing an additional 15,880 shares during the period. Bank of America Corp DE increased its holdings in shares of Global X 1-3 Month T-Bill ETF by 115.4% in the 2nd quarter. Bank of America Corp DE now owns 41,007 shares of the company’s stock valued at $4,118,000 after purchasing an additional 21,968 shares during the period. MML Investors Services LLC boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 29.4% during the second 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 period. Finally, Two Sigma Securities LLC purchased a new position in Global X 1-3 Month T-Bill ETF during the second quarter valued at approximately $571,000.

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

Shares of NYSEARCA:CLIP traded up $0.02 during mid-day trading on Monday, hitting $100.18. The stock had a trading volume of 297,784 shares, compared to its average volume of 345,862. The company’s 50 day moving average is $100.20 and its 200-day moving average is $100.22. Global X 1-3 Month T-Bill ETF has a 12-month low of $100.05 and a 12-month high of $100.47.

About Global X 1-3 Month T-Bill ETF

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.