Short Interest in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Drops By 48.2%

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 23,058 shares, a drop of 48.2% from the July 15th total of 44,522 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 165,509 shares, the short-interest ratio is currently 0.1 days.

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

NYSEARCA CLIP traded up $0.03 on Friday, reaching $100.21. The stock had a trading volume of 213,584 shares, compared to its average volume of 342,159. Global X 1-3 Month T-Bill ETF has a 1 year low of $100.05 and a 1 year high of $100.45. The business has a 50 day moving average price of $100.21 and a 200 day moving average price of $100.22.

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

Large investors have recently made changes to their positions in the stock. Portland Financial Advisors Inc boosted its position in Global X 1-3 Month T-Bill ETF by 5.8% during 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. Kestra Advisory Services LLC grew its position in Global X 1-3 Month T-Bill ETF by 13.1% during the fourth quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock worth $244,000 after buying an additional 283 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Global X 1-3 Month T-Bill ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,921 shares of the company’s stock worth $293,000 after purchasing an additional 348 shares in the last quarter. Principal Securities Inc. boosted its stake in Global X 1-3 Month T-Bill ETF by 10.2% during the fourth quarter. Principal Securities Inc. now owns 4,767 shares of the company’s stock worth $477,000 after buying an additional 442 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Global X 1-3 Month T-Bill ETF by 3.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,356 shares of the company’s stock valued at $1,938,000 after acquiring an additional 556 shares in the last quarter.

About Global X 1-3 Month T-Bill ETF

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.