Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 71,052 shares, an increase of 120.0% from the April 15th total of 32,292 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 212,757 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of Global X 1-3 Month T-Bill ETF
Several institutional investors have recently made changes to their positions in CLIP. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $301,029,000. Bleakley Financial Group LLC purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $90,706,000. RHL Group LLC purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $63,489,000. 3EDGE Asset Management LP raised its position in shares of Global X 1-3 Month T-Bill ETF by 484.1% during the 4th quarter. 3EDGE Asset Management LP now owns 263,152 shares of the company’s stock valued at $26,339,000 after buying an additional 218,102 shares during the period. Finally, Cetera Investment Advisers raised 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 valued at $27,220,000 after purchasing an additional 203,166 shares during the period.
Global X 1-3 Month T-Bill ETF Stock Up 0.0%
CLIP stock opened at $100.23 on Friday. The firm’s 50 day moving average price is $100.22 and its 200-day moving average price is $100.24. Global X 1-3 Month T-Bill ETF has a one year low of $100.04 and a one year high of $100.47.
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.
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