Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Stock Short Interest Jumps 366.3%

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in Global X 1-3 Month T-Bill ETF by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 64,656 shares of the company’s stock worth $6,488,000 after purchasing an additional 3,349 shares during the last quarter. IFP Advisors Inc boosted its holdings 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 purchasing an additional 447 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Global X 1-3 Month T-Bill ETF by 89.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,760 shares of the company’s stock valued at $4,090,000 after purchasing an additional 19,279 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Global X 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $118,000. Finally, Balefire LLC purchased a new stake in shares of Global X 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $420,000.

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

Global X 1-3 Month T-Bill ETF stock traded up $0.04 during trading on Friday, reaching $100.31. 114,755 shares of the company were exchanged, compared to its average volume of 332,469. The stock’s 50 day simple moving average is $100.22 and its two-hundred day simple moving average is $100.22. Global X 1-3 Month T-Bill ETF has a 52-week low of $100.05 and a 52-week high of $100.45.

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.