Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Significant Growth in Short Interest

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 71,052 shares, a growth of 120.0% from the April 15th total of 32,292 shares. Based on an average daily trading volume, of 212,757 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

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

NYSEARCA CLIP traded up $0.03 during trading hours on Friday, hitting $100.23. The company’s stock had a trading volume of 188,991 shares, compared to its average volume of 317,281. The stock has a fifty day moving average of $100.22 and a 200 day moving average of $100.23. Global X 1-3 Month T-Bill ETF has a twelve month low of $100.04 and a twelve month high of $100.47.

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

Several hedge funds have recently bought and sold shares of the company. 3EDGE Asset Management LP raised its holdings in Global X 1-3 Month T-Bill ETF by 0.3% in the third quarter. 3EDGE Asset Management LP now owns 45,050 shares of the company’s stock worth $4,523,000 after purchasing an additional 131 shares during the period. United Advisor Group LLC raised its holdings in Global X 1-3 Month T-Bill ETF by 1.8% in the fourth quarter. United Advisor Group LLC now owns 8,456 shares of the company’s stock worth $847,000 after purchasing an additional 152 shares during the period. Portland Financial Advisors Inc raised its holdings in Global X 1-3 Month T-Bill ETF by 5.8% in the first quarter. Portland Financial Advisors Inc now owns 3,382 shares of the company’s stock worth $339,000 after purchasing an additional 184 shares during the period. Compass Financial Services Inc raised its holdings in Global X 1-3 Month T-Bill ETF by 49.0% in the third quarter. Compass Financial Services Inc now owns 626 shares of the company’s stock worth $63,000 after purchasing an additional 206 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in Global X 1-3 Month T-Bill ETF by 13.1% in the fourth quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock worth $244,000 after purchasing an additional 283 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.