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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIPGet Free Report) shares saw strong trading volume on Monday . 455,817 shares changed hands during mid-day 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 Up 0.0 %

The stock’s fifty day moving average price is $100.25 and its 200-day moving average price is $100.30.

Institutional Inflows and Outflows

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

Global X 1-3 Month T-Bill ETF Company Profile

(Get Free Report)

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.

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