Short Interest in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Grows By 239.6%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 78,312 shares, a growth of 239.6% from the July 30th total of 23,058 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 504,812 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Global X 1-3 Month T-Bill ETF

Hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at about $301,029,000. Bleakley Financial Group LLC boosted its position in shares of Global X 1-3 Month T-Bill ETF by 18.0% in the first quarter. Bleakley Financial Group LLC now owns 1,069,071 shares of the company’s stock worth $107,292,000 after acquiring an additional 163,006 shares during the last quarter. RHL Group LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth approximately $63,489,000. Cetera Investment Advisers boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 298.5% in the 1st quarter. Cetera Investment Advisers now owns 271,222 shares of the company’s stock valued at $27,220,000 after purchasing an additional 203,166 shares during the last quarter. Finally, 3EDGE Asset Management LP grew its stake in shares of Global X 1-3 Month T-Bill ETF by 484.1% during the 4th quarter. 3EDGE Asset Management LP now owns 263,152 shares of the company’s stock valued at $26,339,000 after buying an additional 218,102 shares during the period.

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

Shares of NYSEARCA:CLIP opened at $100.30 on Thursday. Global X 1-3 Month T-Bill ETF has a 52 week low of $100.05 and a 52 week high of $100.45. The business has a fifty day simple moving average of $100.22 and a 200-day simple moving average of $100.22.

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.