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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw strong trading volume on Monday . 1,026,781 shares traded hands during trading, an increase of 364% from the previous session’s volume of 221,093 shares.The stock last traded at $100.0850 and had previously closed at $100.41.

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

The stock has a 50-day simple moving average of $100.26 and a 200 day simple moving average of $100.26.

Institutional Investors Weigh In On Global X 1-3 Month T-Bill ETF

A number of large investors have recently added to or reduced their stakes in the business. Sykon Capital LLC increased its holdings in Global X 1-3 Month T-Bill ETF by 5.4% during the 3rd quarter. Sykon Capital LLC now owns 41,831 shares of the company’s stock valued at $4,201,000 after acquiring an additional 2,139 shares in the last quarter. Flow Traders U.S. LLC increased its stake in shares of Global X 1-3 Month T-Bill ETF by 142.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 23,120 shares of the company’s stock worth $2,322,000 after purchasing an additional 13,594 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Global X 1-3 Month T-Bill ETF by 25.7% during the 3rd quarter. Bank of America Corp DE now owns 51,556 shares of the company’s stock worth $5,177,000 after purchasing an additional 10,549 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Global X 1-3 Month T-Bill ETF by 10.6% during the 3rd quarter. Raymond James Financial Inc. now owns 15,632 shares of the company’s stock worth $1,570,000 after purchasing an additional 1,501 shares during the last quarter. Finally, Plum Street Advisors LLC raised its position in shares of Global X 1-3 Month T-Bill ETF by 8.5% during the 3rd quarter. Plum Street Advisors LLC now owns 15,713 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,230 shares during the last quarter.

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.