Short Interest in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Drops By 19.9%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 55,286 shares, a decrease of 19.9% from the January 15th total of 69,056 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 316,015 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 316,015 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

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

Shares of NYSEARCA:CLIP opened at $100.25 on Friday. The business’s fifty day moving average price is $100.24 and its two-hundred day moving average price is $100.25. Global X 1-3 Month T-Bill ETF has a one year low of $100.02 and a one year high of $100.47.

Global X 1-3 Month T-Bill ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.308 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth about $40,000. AE Wealth Management LLC bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the 3rd quarter worth $51,000. Compass Financial Services Inc increased its stake in Global X 1-3 Month T-Bill ETF by 49.0% in the 3rd quarter. Compass Financial Services Inc now owns 626 shares of the company’s stock worth $63,000 after purchasing an additional 206 shares in the last quarter. Wells Fargo & Company MN purchased a new stake in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at $65,000. Finally, Center for Financial Planning Inc. acquired a new position in Global X 1-3 Month T-Bill ETF in the 4th quarter valued at approximately $113,000.

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.