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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 199,594 shares, a growth of 317.8% from the September 30th total of 47,778 shares. Based on an average daily trading volume, of 322,496 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the shares of the company are sold short.

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

NYSEARCA CLIP remained flat at $100.35 on Thursday. The company had a trading volume of 235,882 shares, compared to its average volume of 325,246. Global X 1-3 Month T-Bill ETF has a 12 month low of $100.04 and a 12 month high of $100.45. The business has a 50-day simple moving average of $100.22 and a 200 day simple moving average of $100.22.

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

Institutional investors have recently added to or reduced their stakes in the stock. Portland Financial Advisors Inc boosted 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 worth $339,000 after acquiring an additional 184 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Global X 1-3 Month T-Bill ETF by 13.5% during the first quarter. Janney Montgomery Scott LLC now owns 2,921 shares of the company’s stock worth $293,000 after purchasing an additional 348 shares in the last quarter. IFP Advisors Inc raised its stake in Global X 1-3 Month T-Bill ETF by 29.8% in 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. Latitude Advisors LLC acquired a new position in Global X 1-3 Month T-Bill ETF in the 3rd quarter valued at $59,000. Finally, D.A. Davidson & CO. lifted its holdings in Global X 1-3 Month T-Bill ETF by 1.5% in the 1st quarter. D.A. Davidson & CO. now owns 40,318 shares of the company’s stock valued at $4,046,000 after purchasing an additional 607 shares in the last quarter.

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.