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) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 282,927 shares, an increase of 223.3% from the December 15th total of 87,513 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 398,021 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 398,021 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X 1-3 Month T-Bill ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Global X 1-3 Month T-Bill ETF in the 1st quarter worth $440,000. Geneos Wealth Management Inc. lifted its holdings in Global X 1-3 Month T-Bill ETF by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,760 shares of the company’s stock valued at $177,000 after acquiring an additional 510 shares during the period. Fiduciary Alliance LLC purchased a new position in Global X 1-3 Month T-Bill ETF in the second quarter worth about $2,294,000. Wealth Enhancement Advisory Services LLC boosted its position in Global X 1-3 Month T-Bill ETF by 10.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 90,046 shares of the company’s stock worth $9,016,000 after purchasing an additional 8,704 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Global X 1-3 Month T-Bill ETF by 12.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 59,580 shares of the company’s stock valued at $5,983,000 after purchasing an additional 6,505 shares during the period.

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

Shares of CLIP traded up $0.02 during mid-day trading on Wednesday, hitting $100.24. 181,814 shares of the company traded hands, compared to its average volume of 304,224. The stock has a 50-day moving average price of $100.24 and a two-hundred day moving average price of $100.25. Global X 1-3 Month T-Bill ETF has a 1 year low of $100.02 and a 1 year high of $100.47.

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.