Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Short Interest Up 50.9% in February

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 83,452 shares, an increase of 50.9% from the January 29th total of 55,286 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 412,312 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 412,312 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Global X 1-3 Month T-Bill ETF in the 1st quarter valued at approximately $440,000. Envestnet Asset Management Inc. raised its holdings in Global X 1-3 Month T-Bill ETF by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 55,316 shares of the company’s stock worth $5,555,000 after purchasing an additional 2,961 shares in the last quarter. Convergence Financial LLC bought a new position in Global X 1-3 Month T-Bill ETF in the second quarter worth $5,078,000. PFG Advisors lifted its position in Global X 1-3 Month T-Bill ETF by 50.1% during the second quarter. PFG Advisors now owns 7,529 shares of the company’s stock valued at $756,000 after buying an additional 2,514 shares during the period. Finally, 49 Wealth Management LLC boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 57.9% during the 2nd quarter. 49 Wealth Management LLC now owns 634,034 shares of the company’s stock valued at $63,670,000 after buying an additional 232,538 shares in the last quarter.

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

Shares of NYSEARCA CLIP opened at $100.37 on Friday. The firm has a fifty day simple moving average of $100.25 and a two-hundred day simple moving average of $100.26. Global X 1-3 Month T-Bill ETF has a 12 month low of $100.02 and a 12 month high of $100.47.

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

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

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.