Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Short Interest Update

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIPGet Free Report) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 135,785 shares, a growth of 62.7% from the February 12th total of 83,452 shares. Based on an average daily volume of 239,415 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 239,415 shares, the short-interest ratio is currently 0.6 days.

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

CLIP traded up $0.03 during mid-day trading on Friday, hitting $100.21. The stock had a trading volume of 231,504 shares, compared to its average volume of 322,499. The stock’s fifty day simple moving average is $100.23 and its 200-day simple moving average is $100.25. Global X 1-3 Month T-Bill ETF has a 1-year low of $100.02 and a 1-year high of $100.47.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.303 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLIP. Sound Income Strategies LLC acquired a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at about $40,000. AE Wealth Management LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF during the third quarter worth about $51,000. Compass Financial Services Inc lifted its holdings in shares of Global X 1-3 Month T-Bill ETF by 49.0% during the 3rd quarter. Compass Financial Services Inc now owns 626 shares of the company’s stock valued at $63,000 after purchasing 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 during the 4th quarter valued at about $65,000. Finally, Center for Financial Planning Inc. acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter valued at approximately $113,000.

Global X 1-3 Month T-Bill ETF Company Profile

(Get Free Report)

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.

Further Reading

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