Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 199,594 shares, a growth of 317.8% from the September 30th total of 47,778 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 322,496 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CLIP. Concurrent Investment Advisors LLC lifted its holdings in 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 acquiring an additional 19,279 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Global X 1-3 Month T-Bill ETF by 18.0% during the 1st quarter. Bleakley Financial Group LLC now owns 1,069,071 shares of the company’s stock valued at $107,292,000 after purchasing an additional 163,006 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of Global X 1-3 Month T-Bill ETF by 14.3% in the 1st quarter. Verus Capital Partners LLC now owns 134,145 shares of the company’s stock worth $13,463,000 after purchasing an additional 16,795 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in Global X 1-3 Month T-Bill ETF by 66.9% during the first quarter. Gateway Wealth Partners LLC now owns 13,382 shares of the company’s stock valued at $1,343,000 after purchasing an additional 5,362 shares during the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in Global X 1-3 Month T-Bill ETF during the third quarter valued at approximately $89,339,000.
Global X 1-3 Month T-Bill ETF Stock Up 0.0%
Global X 1-3 Month T-Bill ETF stock traded up $0.03 during trading hours on Wednesday, hitting $100.35. 121,471 shares of the company traded hands, compared to its average volume of 325,536. Global X 1-3 Month T-Bill ETF has a 1-year low of $100.04 and a 1-year high of $100.45. The firm’s 50-day simple moving average is $100.22 and its two-hundred day simple moving average is $100.22.
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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