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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 39,905 shares, a decrease of 49.0% from the August 15th total of 78,312 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 270,403 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of NYSEARCA:CLIP traded up $0.02 on Wednesday, hitting $100.20. The company’s stock had a trading volume of 415,318 shares, compared to its average volume of 337,441. The company has a 50-day simple moving average of $100.21 and a 200 day simple moving average of $100.21. Global X 1-3 Month T-Bill ETF has a 1 year low of $100.05 and a 1 year high of $100.45.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in shares of Global X 1-3 Month T-Bill ETF by 29.8% during the 2nd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock valued at $195,000 after purchasing an additional 447 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Global X 1-3 Month T-Bill ETF by 89.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,760 shares of the company’s stock worth $4,090,000 after buying an additional 19,279 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Global X 1-3 Month T-Bill ETF in the second quarter worth approximately $118,000. Balefire LLC purchased a new stake in Global X 1-3 Month T-Bill ETF in the second quarter worth approximately $420,000. Finally, Stillwater Private Wealth LLC bought a new position in Global X 1-3 Month T-Bill ETF during the first quarter valued at approximately $253,000.

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.