Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Short Interest Down 48.2% in July

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 23,058 shares, a decline of 48.2% from the July 15th total of 44,522 shares. Based on an average daily volume of 165,509 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

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

Shares of NYSEARCA CLIP traded up $0.02 during midday trading on Tuesday, reaching $100.24. 555,757 shares of the stock were exchanged, compared to its average volume of 342,620. The company has a 50 day simple moving average of $100.21 and a 200 day simple moving average of $100.22. Global X 1-3 Month T-Bill ETF has a twelve month low of $100.05 and a twelve month high of $100.45.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its holdings in shares of Global X 1-3 Month T-Bill ETF by 8.6% during the 4th quarter. Harbour Investments Inc. now owns 108,491 shares of the company’s stock worth $10,861,000 after purchasing an additional 8,560 shares during the period. SBI Securities Co. Ltd. raised its holdings in Global X 1-3 Month T-Bill ETF by 216.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 12,135 shares of the company’s stock valued at $1,215,000 after buying an additional 8,295 shares during the period. RHL Group LLC acquired a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at about $63,489,000. 3EDGE Asset Management LP lifted its position in 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 valued at $26,339,000 after buying an additional 218,102 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in Global X 1-3 Month T-Bill ETF during the fourth quarter worth about $90,706,000.

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.