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) shares saw an uptick in trading volume on Wednesday . 495,709 shares were traded 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 company’s 50 day moving average price is $100.26 and its two-hundred day moving average price is $100.25.

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

Several hedge funds and other institutional investors have recently made changes to their positions in CLIP. Sykon Capital LLC boosted its stake in Global X 1-3 Month T-Bill ETF by 5.4% during the third quarter. Sykon Capital LLC now owns 41,831 shares of the company’s stock worth $4,201,000 after buying an additional 2,139 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of Global X 1-3 Month T-Bill ETF by 142.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 23,120 shares of the company’s stock worth $2,322,000 after acquiring an additional 13,594 shares during the period. Bank of America Corp DE boosted its position in shares of Global X 1-3 Month T-Bill ETF by 25.7% during the 3rd quarter. Bank of America Corp DE now owns 51,556 shares of the company’s stock valued at $5,177,000 after acquiring an additional 10,549 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Global X 1-3 Month T-Bill ETF by 10.6% in the third quarter. Raymond James Financial Inc. now owns 15,632 shares of the company’s stock valued at $1,570,000 after purchasing an additional 1,501 shares during the period. Finally, Plum Street Advisors LLC increased its position in Global X 1-3 Month T-Bill ETF by 8.5% during the third quarter. Plum Street Advisors LLC now owns 15,713 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,230 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.