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 June. As of June 30th, there was short interest totaling 152,649 shares, a growth of 189.1% from the June 15th total of 52,798 shares. Based on an average trading volume of 251,701 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the company’s stock are sold short.

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

Shares of NYSEARCA CLIP traded up $0.01 during mid-day trading on Wednesday, hitting $100.19. The company had a trading volume of 23,543 shares, compared to its average volume of 344,828. The business’s 50-day simple moving average is $100.20 and its 200 day simple moving average is $100.22. Global X 1-3 Month T-Bill ETF has a 1-year low of $100.05 and a 1-year high of $100.47.

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

A number of hedge funds have recently bought and sold shares of the stock. Fiduciary Alliance LLC boosted its position in shares of Global X 1-3 Month T-Bill ETF by 53.5% during the 4th quarter. Fiduciary Alliance LLC now owns 34,873 shares of the company’s stock worth $3,491,000 after acquiring an additional 12,153 shares in the last quarter. Guild Investment Management Inc. raised its position in shares of Global X 1-3 Month T-Bill ETF by 7.7% during the 4th quarter. Guild Investment Management Inc. now owns 112,465 shares of the company’s stock worth $11,294,000 after acquiring an additional 8,010 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter worth about $675,000. Capital Investment Advisors LLC lifted its stake in Global X 1-3 Month T-Bill ETF by 37.0% during the fourth quarter. Capital Investment Advisors LLC now owns 719,536 shares of the company’s stock worth $72,033,000 after purchasing an additional 194,179 shares during the last quarter. Finally, Curtis Advisory Group LLC lifted its stake in Global X 1-3 Month T-Bill ETF by 33.3% during the fourth quarter. Curtis Advisory Group LLC now owns 117,186 shares of the company’s stock worth $11,731,000 after purchasing an additional 29,277 shares during the last quarter.

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.