Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Significant Growth in Short Interest

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a large growth in short interest in the month of 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. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 239,415 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 239,415 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the company’s stock are short sold.

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

Shares of NYSEARCA CLIP traded up $0.03 during mid-day trading on Friday, reaching $100.21. The company had a trading volume of 231,504 shares, compared to its average volume of 322,499. Global X 1-3 Month T-Bill ETF has a twelve month low of $100.02 and a twelve month high of $100.47. The stock’s 50 day moving average is $100.23 and its 200-day moving average is $100.25.

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

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

Hedge Funds Weigh In On Global X 1-3 Month T-Bill ETF

A number of hedge funds have recently added to or reduced their stakes in CLIP. 3EDGE Asset Management LP lifted its stake in Global X 1-3 Month T-Bill ETF by 0.3% in the third quarter. 3EDGE Asset Management LP now owns 45,050 shares of the company’s stock valued at $4,523,000 after acquiring an additional 131 shares during the last quarter. United Advisor Group LLC increased its stake in shares of Global X 1-3 Month T-Bill ETF by 1.8% during the 4th quarter. United Advisor Group LLC now owns 8,456 shares of the company’s stock worth $847,000 after purchasing an additional 152 shares during the last quarter. Compass Financial Services Inc increased its stake 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 worth $63,000 after purchasing an additional 206 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Global X 1-3 Month T-Bill ETF by 13.1% during the 4th quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock valued at $244,000 after purchasing an additional 283 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter valued at $40,000.

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

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.