Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP – Get Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 44,522 shares, a drop of 70.8% from the June 30th total of 152,649 shares. Based on an average daily trading volume, of 269,032 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.
Global X 1-3 Month T-Bill ETF Trading Up 0.0%
CLIP traded up $0.02 during trading on Tuesday, hitting $100.33. The company had a trading volume of 116,369 shares, compared to its average volume of 334,325. The business has a 50-day moving average of $100.21 and a 200-day moving average of $100.22. Global X 1-3 Month T-Bill ETF has a 1-year low of $100.05 and a 1-year high of $100.45.
Institutional Trading of Global X 1-3 Month T-Bill ETF
Several hedge funds and other institutional investors have recently bought and sold shares of CLIP. Fiduciary Alliance LLC increased its holdings in shares of Global X 1-3 Month T-Bill ETF by 53.5% in the 4th quarter. Fiduciary Alliance LLC now owns 34,873 shares of the company’s stock valued at $3,491,000 after acquiring an additional 12,153 shares during the last quarter. Guild Investment Management Inc. lifted its stake in Global X 1-3 Month T-Bill ETF by 7.7% during the fourth quarter. Guild Investment Management Inc. now owns 112,465 shares of the company’s stock worth $11,294,000 after purchasing an additional 8,010 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter worth $675,000. Harbour Investments Inc. boosted its holdings in Global X 1-3 Month T-Bill ETF by 8.6% in the fourth quarter. Harbour Investments Inc. now owns 108,491 shares of the company’s stock worth $10,861,000 after purchasing an additional 8,560 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Global X 1-3 Month T-Bill ETF by 216.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 12,135 shares of the company’s stock valued at $1,215,000 after purchasing an additional 8,295 shares during 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.
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