Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Shares Shorted: Short Interest Up 366.3% in September

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 186,060 shares, a growth of 366.3% from the August 31st total of 39,905 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 330,358 shares, the short-interest ratio is currently 0.6 days.

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

Shares of CLIP stock traded up $0.04 during trading hours on Friday, reaching $100.31. The stock had a trading volume of 247,433 shares, compared to its average volume of 333,337. The firm has a 50-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 has a twelve month low of $100.05 and a twelve month high of $100.45.

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

Large investors have recently made changes to their positions in the company. Portland Financial Advisors Inc raised its holdings in shares of Global X 1-3 Month T-Bill ETF by 5.8% during the first quarter. Portland Financial Advisors Inc now owns 3,382 shares of the company’s stock valued at $339,000 after buying an additional 184 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Global X 1-3 Month T-Bill ETF by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,921 shares of the company’s stock worth $293,000 after buying an additional 348 shares in the last quarter. IFP Advisors Inc increased its position 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 acquiring an additional 447 shares during the period. D.A. Davidson & CO. increased its position 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 acquiring an additional 607 shares during the period. Finally, Pacific Sage Partners LLC raised its stake in Global X 1-3 Month T-Bill ETF by 0.5% during the 1st quarter. Pacific Sage Partners LLC now owns 137,279 shares of the company’s stock valued at $13,777,000 after acquiring an additional 668 shares in the last quarter.

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.