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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 69,056 shares, a decline of 75.6% from the December 31st total of 282,927 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 286,858 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 286,858 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

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

CLIP stock traded up $0.04 on Friday, reaching $100.40. 269,519 shares of the company traded hands, compared to its average volume of 301,345. Global X 1-3 Month T-Bill ETF has a one year low of $100.02 and a one year high of $100.47. The firm has a fifty day simple moving average of $100.25 and a 200-day simple moving average of $100.26.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC increased its stake in Global X 1-3 Month T-Bill ETF by 20.8% in the fourth quarter. Precision Wealth Strategies LLC now owns 16,473 shares of the company’s stock worth $1,649,000 after purchasing an additional 2,831 shares during the period. SOL Capital Management CO boosted its stake in Global X 1-3 Month T-Bill ETF by 9.1% in the 4th quarter. SOL Capital Management CO now owns 56,288 shares of the company’s stock worth $5,635,000 after purchasing an additional 4,708 shares in the last quarter. D.A. Davidson & CO. lifted its position in Global X 1-3 Month T-Bill ETF by 4.9% during the 4th quarter. D.A. Davidson & CO. now owns 39,711 shares of the company’s stock worth $3,975,000 after acquiring an additional 1,868 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of Global X 1-3 Month T-Bill ETF by 3.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,356 shares of the company’s stock worth $1,938,000 after acquiring an additional 556 shares during the period. Finally, 5T Wealth LLC acquired a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $554,000.

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.