Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 78,312 shares, an increase of 239.6% from the July 30th total of 23,058 shares. Based on an average daily trading volume, of 504,812 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Global X 1-3 Month T-Bill ETF
Several hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN purchased a new stake in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at $65,000. Center for Financial Planning Inc. purchased a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter worth about $113,000. Creekmur Asset Management LLC purchased a new stake in Global X 1-3 Month T-Bill ETF during the 2nd quarter worth about $118,000. Geneos Wealth Management Inc. acquired a new position in Global X 1-3 Month T-Bill ETF in the 1st quarter valued at about $146,000. Finally, Avise Financial Cooperative Inc. acquired a new position in Global X 1-3 Month T-Bill ETF in the 4th quarter valued at about $216,000.
Global X 1-3 Month T-Bill ETF Stock Performance
CLIP opened at $100.30 on Thursday. The stock’s 50 day simple moving average is $100.22 and its 200 day simple moving average is $100.22. Global X 1-3 Month T-Bill ETF has a 1-year low of $100.05 and a 1-year high of $100.45.
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.
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