Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Strong Trading Volume – Here’s Why

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIPGet Free Report) shares saw an uptick in trading volume on Monday . 904,252 shares traded hands during trading, an increase of 174% from the previous session’s volume of 330,144 shares.The stock last traded at $100.36 and had previously closed at $100.31.

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

The firm’s fifty day simple moving average is $100.24 and its 200-day simple moving average is $100.25.

Global X 1-3 Month T-Bill ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.303 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several hedge funds and other institutional investors have recently bought and sold shares of CLIP. Sound Income Strategies LLC bought a new stake in Global X 1-3 Month T-Bill ETF during the fourth quarter valued at $40,000. AE Wealth Management LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF in the 3rd quarter worth about $51,000. Compass Financial Services Inc lifted its stake in shares of Global X 1-3 Month T-Bill ETF by 49.0% in the 3rd quarter. Compass Financial Services Inc now owns 626 shares of the company’s stock valued at $63,000 after purchasing an additional 206 shares during the period. Wells Fargo & Company MN acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter valued at about $65,000. Finally, Center for Financial Planning Inc. bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at about $113,000.

About Global X 1-3 Month T-Bill ETF

(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.

Further Reading

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