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 unusually-high trading volume on Wednesday . Approximately 994,723 shares changed hands during mid-day trading, an increase of 343% from the previous session’s volume of 224,569 shares.The stock last traded at $100.2650 and had previously closed at $100.25.

Global X 1-3 Month T-Bill ETF Trading Up 0.0%

The business has a fifty day moving average price of $100.25 and a 200-day moving average price of $100.25.

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

A number of institutional investors have recently made changes to their positions in the stock. United Advisor Group LLC purchased a new position in shares of Global X 1-3 Month T-Bill ETF during the second quarter valued at approximately $741,000. B.O.S.S. Retirement Advisors LLC boosted its holdings in Global X 1-3 Month T-Bill ETF by 21.8% in the second quarter. B.O.S.S. Retirement Advisors LLC now owns 31,120 shares of the company’s stock worth $3,125,000 after purchasing an additional 5,563 shares during the last quarter. Life Planning Partners Inc grew its position in Global X 1-3 Month T-Bill ETF by 29.0% in the 2nd quarter. Life Planning Partners Inc now owns 16,715 shares of the company’s stock worth $1,679,000 after purchasing an additional 3,760 shares during the period. 49 Wealth Management LLC raised its stake in Global X 1-3 Month T-Bill ETF by 57.9% during the 2nd quarter. 49 Wealth Management LLC now owns 634,034 shares of the company’s stock valued at $63,670,000 after buying an additional 232,538 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Global X 1-3 Month T-Bill ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,316 shares of the company’s stock valued at $5,555,000 after buying an additional 2,961 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.