Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 65,825 shares, a decrease of 41.1% from the May 14th total of 111,686 shares. Based on an average daily volume of 543,530 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are sold short.
Global X 1-3 Month T-Bill ETF Price Performance
NYSEARCA:CLIP traded up $0.01 during mid-day trading on Monday, hitting $100.20. 340,951 shares of the company’s stock traded hands, compared to its average volume of 361,017. The firm has a 50 day moving average of $100.21 and a two-hundred day moving average of $100.23. Global X 1-3 Month T-Bill ETF has a 12 month low of $100.04 and a 12 month high of $100.47.
Institutional Trading of Global X 1-3 Month T-Bill ETF
Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC bought a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $40,000. Wells Fargo & Company MN bought a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $65,000. Center for Financial Planning Inc. bought a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $113,000. Geneos Wealth Management Inc. bought a new stake in shares of Global X 1-3 Month T-Bill ETF in the 1st quarter worth approximately $146,000. Finally, Signal Advisors Wealth LLC bought a new stake in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth approximately $212,000.
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.
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