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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 69,056 shares, a drop of 75.6% from the December 31st total of 282,927 shares. Based on an average daily trading volume, of 286,858 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 286,858 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of CLIP stock remained flat at $100.35 on Wednesday. 136,748 shares of the stock traded hands, compared to its average volume of 289,153. Global X 1-3 Month T-Bill ETF has a 1 year low of $100.02 and a 1 year high of $100.47. The company’s fifty day moving average price is $100.25 and its 200-day moving average price is $100.26.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Global X 1-3 Month T-Bill ETF during the first quarter worth $440,000. Capital Investment Advisors LLC increased its position in shares of Global X 1-3 Month T-Bill ETF by 104.1% during the second quarter. Capital Investment Advisors LLC now owns 423,479 shares of the company’s stock valued at $42,526,000 after acquiring an additional 215,992 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Global X 1-3 Month T-Bill ETF by 21.8% in the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 31,120 shares of the company’s stock worth $3,125,000 after acquiring an additional 5,563 shares during the last quarter. Precision Wealth Strategies LLC boosted its position in shares of Global X 1-3 Month T-Bill ETF by 11.2% during the 2nd quarter. Precision Wealth Strategies LLC now owns 35,484 shares of the company’s stock worth $3,563,000 after purchasing an additional 3,563 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its position in Global X 1-3 Month T-Bill ETF by 19.5% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,260 shares of the company’s stock valued at $829,000 after purchasing an additional 1,350 shares during the period.

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.