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

Shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw unusually-high trading volume on Monday . Approximately 3,031,355 shares changed hands during mid-day trading, an increase of 748% from the previous session’s volume of 357,472 shares.The stock last traded at $100.13 and had previously closed at $100.12.

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

The company has a fifty day moving average of $100.22 and a 200 day moving average of $100.23.

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

Several hedge funds have recently bought and sold shares of CLIP. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $301,029,000. Bleakley Financial Group LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $90,706,000. RHL Group LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $63,489,000. 3EDGE Asset Management LP boosted its stake in shares of Global X 1-3 Month T-Bill ETF by 484.1% in the fourth quarter. 3EDGE Asset Management LP now owns 263,152 shares of the company’s stock worth $26,339,000 after acquiring an additional 218,102 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Global X 1-3 Month T-Bill ETF by 298.5% in the first quarter. Cetera Investment Advisers now owns 271,222 shares of the company’s stock worth $27,220,000 after acquiring an additional 203,166 shares during the period.

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

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.