Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Large Volume Increase – Here’s What Happened

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) shares saw strong trading volume on Monday . Approximately 664,922 shares were traded during trading, an increase of 95% from the previous session’s volume of 340,303 shares.The stock last traded at $100.16 and had previously closed at $100.14.

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

The firm has a 50-day moving average of $100.20 and a two-hundred day moving average of $100.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $40,000. Wells Fargo & Company MN bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth $65,000. Center for Financial Planning Inc. bought a new stake in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth $113,000. Creekmur Asset Management LLC acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the second quarter worth $118,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the first quarter worth $146,000.

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.