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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a large 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. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 504,812 shares, the days-to-cover ratio is presently 0.2 days.

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

NYSEARCA:CLIP opened at $100.35 on Friday. Global X 1-3 Month T-Bill ETF has a one year low of $100.05 and a one year high of $100.45. The company’s 50-day simple moving average is $100.23 and its 200 day simple moving average is $100.22.

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

Hedge funds have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC increased its holdings in shares of Global X 1-3 Month T-Bill ETF by 89.7% during the second quarter. Concurrent Investment Advisors LLC now owns 40,760 shares of the company’s stock valued at $4,090,000 after acquiring an additional 19,279 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF in the second quarter worth approximately $118,000. Balefire LLC purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the second quarter valued at approximately $420,000. Stillwater Private Wealth LLC bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the first quarter valued at approximately $253,000. Finally, Verus Capital Partners LLC lifted its position in Global X 1-3 Month T-Bill ETF by 14.3% in the 1st quarter. Verus Capital Partners LLC now owns 134,145 shares of the company’s stock valued at $13,463,000 after acquiring an additional 16,795 shares in the last quarter.

About Global X 1-3 Month T-Bill ETF

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.