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:CLIP) saw unusually-high trading volume on Wednesday . Approximately 475,031 shares changed hands during mid-day trading, an increase of 172% from the previous session’s volume of 174,473 shares.The stock last traded at $100.38 and had previously closed at $100.37.

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

The stock has a 50-day moving average price of $100.27 and a 200 day moving average price of $100.30.

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

A number of large investors have recently modified their holdings of CLIP. Compass Financial Services Inc acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $41,000. Geneos Wealth Management Inc. acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $125,000. IFP Advisors Inc bought a new position in Global X 1-3 Month T-Bill ETF during the 4th quarter worth approximately $152,000. Centaurus Financial Inc. grew its holdings in shares of Global X 1-3 Month T-Bill ETF by 23.5% during the third quarter. Centaurus Financial Inc. now owns 1,668 shares of the company’s stock valued at $168,000 after purchasing an additional 317 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth approximately $200,000.

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.