Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Stock Short Interest Declines 74.3%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 47,778 shares, a decrease of 74.3% from the September 15th total of 186,060 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 238,310 shares, the days-to-cover ratio is currently 0.2 days.

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

CLIP stock traded up $0.01 during trading hours on Monday, hitting $100.17. 71,843 shares of the stock traded hands, compared to its average volume of 330,070. The stock has a 50-day simple moving average of $100.20 and a 200 day simple moving average of $100.21. Global X 1-3 Month T-Bill ETF has a one year low of $100.04 and a one year high of $100.45.

Hedge Funds Weigh In On Global X 1-3 Month T-Bill ETF

Several large investors have recently made changes to their positions in CLIP. Castle Rock Wealth Management LLC lifted its holdings in shares of Global X 1-3 Month T-Bill ETF by 25.8% during the third quarter. Castle Rock Wealth Management LLC now owns 23,703 shares of the company’s stock valued at $2,372,000 after purchasing an additional 4,865 shares during the last quarter. Hamilton Capital LLC purchased a new position in Global X 1-3 Month T-Bill ETF in the 3rd quarter worth about $670,000. Farther Finance Advisors LLC increased its stake in Global X 1-3 Month T-Bill ETF by 8.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 143,165 shares of the company’s stock worth $14,365,000 after purchasing an additional 11,569 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Global X 1-3 Month T-Bill ETF by 5.5% in the 2nd 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 in the last quarter. Finally, IFP Advisors Inc raised its holdings in Global X 1-3 Month T-Bill ETF by 29.8% during the 2nd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock worth $195,000 after buying an additional 447 shares during the period.

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.