Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 23,058 shares, a decline of 48.2% from the July 15th total of 44,522 shares. Based on an average daily volume of 165,509 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
Global X 1-3 Month T-Bill ETF Price Performance
Shares of NYSEARCA CLIP traded up $0.01 during trading on Monday, hitting $100.22. 200,985 shares of the company traded hands, compared to its average volume of 341,254. The business’s fifty day moving average is $100.21 and its 200 day moving average is $100.22. Global X 1-3 Month T-Bill ETF has a fifty-two week low of $100.05 and a fifty-two week high of $100.45.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter worth approximately $65,000. Center for Financial Planning Inc. bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter valued at approximately $113,000. Creekmur Asset Management LLC acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the second quarter worth approximately $118,000. Geneos Wealth Management Inc. acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the first quarter worth approximately $146,000. Finally, Avise Financial Cooperative Inc. bought a new position in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth $216,000.
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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