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

Shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw unusually-strong trading volume on Monday . Approximately 581,469 shares changed hands during mid-day trading, an increase of 277% from the previous session’s volume of 154,352 shares.The stock last traded at $100.15 and had previously closed at $100.15.

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

The company has a 50 day moving average of $100.26 and a 200 day moving average of $100.29.

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

Several institutional investors have recently bought and sold shares of the stock. Sykon Capital LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth $26,576,000. LPL Financial LLC raised its holdings in Global X 1-3 Month T-Bill ETF by 60.2% in the 4th quarter. LPL Financial LLC now owns 530,850 shares of the company’s stock worth $53,138,000 after acquiring an additional 199,433 shares during the period. 3EDGE Asset Management LP acquired a new position in Global X 1-3 Month T-Bill ETF during the 4th quarter worth $12,714,000. Sei Investments Co. boosted its holdings in Global X 1-3 Month T-Bill ETF by 8.0% during the fourth quarter. Sei Investments Co. now owns 1,431,904 shares of the company’s stock valued at $143,334,000 after acquiring an additional 105,559 shares during the period. Finally, Global X Japan Co. Ltd. grew its position in shares of Global X 1-3 Month T-Bill ETF by 25.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 400,941 shares of the company’s stock valued at $40,134,000 after purchasing an additional 80,858 shares during the last quarter.

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.