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) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 186,060 shares, a growth of 366.3% from the August 31st total of 39,905 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 330,358 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Global X 1-3 Month T-Bill ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in Global X 1-3 Month T-Bill ETF by 5.5% in the second quarter. Envestnet Asset Management Inc. now owns 64,656 shares of the company’s stock valued at $6,488,000 after buying an additional 3,349 shares during the last quarter. IFP Advisors Inc boosted its stake in Global X 1-3 Month T-Bill ETF by 29.8% during the second 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. Concurrent Investment Advisors LLC increased its position in shares of Global X 1-3 Month T-Bill ETF by 89.7% during the second quarter. Concurrent Investment Advisors LLC now owns 40,760 shares of the company’s stock valued at $4,090,000 after acquiring an additional 19,279 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF during the second quarter valued at about $118,000. Finally, Balefire LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF during the second quarter valued at about $420,000.

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

NYSEARCA:CLIP traded up $0.04 on Friday, reaching $100.31. The company’s stock had a trading volume of 114,755 shares, compared to its average volume of 332,469. Global X 1-3 Month T-Bill ETF has a 12-month low of $100.05 and a 12-month high of $100.45. The stock has a 50 day moving average price of $100.22 and a 200 day moving average price of $100.22.

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.