Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Strong Trading Volume – Should You Buy?

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) shares saw unusually-high trading volume on Monday . Approximately 3,031,355 shares were traded during mid-day trading, an increase of 748% from the previous session’s volume of 357,472 shares.The stock last traded at $100.13 and had previously closed at $100.12.

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

The company’s 50 day moving average price is $100.21 and its 200 day moving average price is $100.23.

Institutional Trading of Global X 1-3 Month T-Bill ETF

Several hedge funds have recently made changes to their positions in CLIP. Sound Income Strategies LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth $40,000. AE Wealth Management LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 3rd quarter worth $51,000. Wells Fargo & Company MN acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth $65,000. Center for Financial Planning Inc. acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth $113,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the 1st quarter worth $146,000.

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.