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) shares saw an uptick in trading volume on Wednesday . 495,709 shares changed hands during mid-day trading, an increase of 118% from the previous session’s volume of 227,288 shares.The stock last traded at $100.3510 and had previously closed at $100.33.

Global X 1-3 Month T-Bill ETF Stock Performance

The company has a 50-day moving average of $100.26 and a 200-day moving average of $100.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. WCG Wealth Advisors LLC acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the first quarter worth $2,523,000. CreativeOne Wealth LLC lifted its position in Global X 1-3 Month T-Bill ETF by 2.2% during the first quarter. CreativeOne Wealth LLC now owns 11,514 shares of the company’s stock valued at $1,156,000 after purchasing an additional 243 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its holdings in Global X 1-3 Month T-Bill ETF by 1.5% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 28,331 shares of the company’s stock valued at $2,846,000 after purchasing an additional 408 shares during the last quarter. WPG Advisers LLC acquired a new stake in Global X 1-3 Month T-Bill ETF during the 1st quarter worth about $142,000. Finally, Calton & Associates Inc. acquired a new stake in Global X 1-3 Month T-Bill ETF during the 1st quarter worth about $299,000.

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.