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 target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 78,312 shares, an increase of 239.6% from the July 30th total of 23,058 shares. Based on an average daily trading volume, of 504,812 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

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

CLIP stock traded up $0.02 during midday trading on Friday, hitting $100.35. The company had a trading volume of 145,066 shares, compared to its average volume of 338,083. Global X 1-3 Month T-Bill ETF has a 52 week low of $100.05 and a 52 week high of $100.45. The stock’s 50 day moving average price is $100.23 and its 200 day moving average price is $100.22.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Concurrent Investment Advisors LLC lifted its stake in shares of Global X 1-3 Month T-Bill ETF by 89.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,760 shares of the company’s stock valued at $4,090,000 after purchasing an additional 19,279 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the 2nd quarter valued at $118,000. Balefire LLC purchased a new position in Global X 1-3 Month T-Bill ETF during the 2nd quarter valued at about $420,000. Stillwater Private Wealth LLC bought a new stake in shares of Global X 1-3 Month T-Bill ETF in the 1st quarter worth approximately $253,000. Finally, Verus Capital Partners LLC increased its position in Global X 1-3 Month T-Bill ETF by 14.3% during the 1st quarter. Verus Capital Partners LLC now owns 134,145 shares of the company’s stock valued at $13,463,000 after buying an additional 16,795 shares in the last quarter.

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.