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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw strong trading volume on Monday . 455,817 shares traded hands during trading, an increase of 240% from the previous session’s volume of 134,122 shares.The stock last traded at $100.17 and had previously closed at $100.17.

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

The stock’s 50 day moving average price is $100.24 and its two-hundred day moving average price is $100.30.

Institutional Investors Weigh In On Global X 1-3 Month T-Bill ETF

Several large investors have recently made changes to their positions in CLIP. Gateway Wealth Partners LLC raised its position in Global X 1-3 Month T-Bill ETF by 3.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 8,282 shares of the company’s stock valued at $829,000 after acquiring an additional 300 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Global X 1-3 Month T-Bill ETF by 23.5% during the 3rd quarter. Centaurus Financial Inc. now owns 1,668 shares of the company’s stock valued at $168,000 after purchasing an additional 317 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at $41,000. Principal Securities Inc. lifted its stake in shares of Global X 1-3 Month T-Bill ETF by 32.4% in the 4th quarter. Principal Securities Inc. now owns 2,645 shares of the company’s stock valued at $265,000 after purchasing an additional 647 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Global X 1-3 Month T-Bill ETF by 32.4% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 2,860 shares of the company’s stock worth $286,000 after purchasing an additional 700 shares in the last quarter.

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.