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) saw unusually-strong trading volume on Wednesday . Approximately 495,709 shares traded hands during trading, an increase of 118% from the previous session’s volume of 227,288 shares.The stock last traded at $100.3510 and had previously closed at $100.33.

Global X 1-3 Month T-Bill ETF Price Performance

The firm’s fifty day simple moving average is $100.27 and its 200 day simple moving average is $100.25.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AE Wealth Management LLC purchased a new position in Global X 1-3 Month T-Bill ETF during the third quarter valued at approximately $51,000. Compass Financial Services Inc increased its holdings in shares of Global X 1-3 Month T-Bill ETF by 49.0% during the 3rd quarter. Compass Financial Services Inc now owns 626 shares of the company’s stock valued at $63,000 after purchasing an additional 206 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the 1st quarter valued at $142,000. Geneos Wealth Management Inc. lifted its stake in shares of Global X 1-3 Month T-Bill ETF by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,760 shares of the company’s stock valued at $177,000 after purchasing an additional 510 shares during the period. Finally, Golden State Equity Partners purchased a new stake in Global X 1-3 Month T-Bill ETF during the third quarter worth $202,000.

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.