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

Shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIPGet Free Report) saw an uptick in trading volume on Monday . 904,252 shares traded hands during mid-day 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 Stock Performance

The company has a 50 day moving average of $100.24 and a 200 day moving average of $100.25.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.303 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd.

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

Several institutional investors have recently modified their holdings of CLIP. Sound Income Strategies LLC bought a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter worth approximately $40,000. AE Wealth Management LLC bought a new position in Global X 1-3 Month T-Bill ETF in the third quarter valued at approximately $51,000. Compass Financial Services Inc lifted its stake in Global X 1-3 Month T-Bill ETF by 49.0% in the third quarter. Compass Financial Services Inc now owns 626 shares of the company’s stock valued at $63,000 after buying an additional 206 shares in the last quarter. Wells Fargo & Company MN acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $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 fourth quarter worth $113,000.

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

(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.

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