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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 55,286 shares, a decline 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 daily trading volume, of 316,015 shares, the short-interest ratio is presently 0.2 days. Based on an average daily 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.

Hedge Funds Weigh In On Global X 1-3 Month T-Bill ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at $40,000. AE Wealth Management LLC bought a new stake in Global X 1-3 Month T-Bill ETF during the 3rd quarter worth about $51,000. Compass Financial Services Inc increased its position 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 valued at $63,000 after acquiring an additional 206 shares in the last quarter. Wells Fargo & Company MN bought a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $65,000. Finally, Center for Financial Planning Inc. bought a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $113,000.

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

Shares of NYSEARCA CLIP traded up $0.05 during mid-day trading on Monday, hitting $100.25. 251,358 shares of the stock were exchanged, compared to its average volume of 338,352. Global X 1-3 Month T-Bill ETF has a twelve month low of $100.02 and a twelve month high of $100.47. The stock’s fifty day simple moving average is $100.24 and its two-hundred day simple moving average is $100.25.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.308 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

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.