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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw an uptick in trading volume on Tuesday. 493,745 shares changed hands during trading, an increase of 52% from the average daily volume of 324,820 shares. The stock last traded at $100.0850 and had previously closed at $100.08.

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

The firm has a 50 day moving average price of $100.22 and a 200-day moving average price of $100.22.

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

Several institutional investors and hedge funds have recently bought and sold shares of CLIP. Bleakley Financial Group LLC grew its stake in shares of Global X 1-3 Month T-Bill ETF by 18.0% in the first quarter. Bleakley Financial Group LLC now owns 1,069,071 shares of the company’s stock worth $107,292,000 after acquiring an additional 163,006 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Global X 1-3 Month T-Bill ETF during the third quarter worth about $89,339,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X 1-3 Month T-Bill ETF in the third quarter valued at about $33,514,000. Cetera Investment Advisers raised its position in Global X 1-3 Month T-Bill ETF by 298.5% during the 1st quarter. Cetera Investment Advisers now owns 271,222 shares of the company’s stock worth $27,220,000 after buying an additional 203,166 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Global X 1-3 Month T-Bill ETF by 8.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 143,165 shares of the company’s stock worth $14,365,000 after purchasing an additional 11,569 shares during the period.

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.