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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 152,649 shares, a growth of 189.1% from the June 15th total of 52,798 shares. Based on an average trading volume of 251,701 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the company 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 CLIP. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth approximately $301,029,000. Bleakley Financial Group LLC increased its stake in shares of Global X 1-3 Month T-Bill ETF by 18.0% during the first quarter. Bleakley Financial Group LLC now owns 1,069,071 shares of the company’s stock valued at $107,292,000 after acquiring an additional 163,006 shares during the period. Capital Investment Advisors LLC raised its holdings in Global X 1-3 Month T-Bill ETF by 37.0% during the fourth quarter. Capital Investment Advisors LLC now owns 719,536 shares of the company’s stock worth $72,033,000 after purchasing an additional 194,179 shares in the last quarter. RHL Group LLC bought a new stake in Global X 1-3 Month T-Bill ETF during the fourth quarter worth approximately $63,489,000. Finally, Cetera Investment Advisers lifted its position in Global X 1-3 Month T-Bill ETF by 298.5% in the first quarter. Cetera Investment Advisers now owns 271,222 shares of the company’s stock worth $27,220,000 after purchasing an additional 203,166 shares during the period.

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

Shares of CLIP traded up $0.02 during trading hours on Monday, reaching $100.18. 297,784 shares of the company’s stock traded hands, compared to its average volume of 345,862. Global X 1-3 Month T-Bill ETF has a twelve month low of $100.05 and a twelve month high of $100.47. The business’s fifty day simple moving average is $100.20 and its two-hundred day simple moving average is $100.22.

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.