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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw strong trading volume on Thursday . 425,095 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 176,564 shares.The stock last traded at $100.27 and had previously closed at $100.26.

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

The stock’s fifty day moving average is $100.27 and its 200 day moving average is $100.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CLIP. Centaurus Financial Inc. lifted its position in shares of Global X 1-3 Month T-Bill ETF by 23.5% in the 3rd quarter. Centaurus Financial Inc. now owns 1,668 shares of the company’s stock worth $168,000 after purchasing an additional 317 shares during the period. Hart & Patterson Financial Group LLC bought a new stake in Global X 1-3 Month T-Bill ETF during the 3rd quarter valued at approximately $204,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Global X 1-3 Month T-Bill ETF during the 3rd quarter worth approximately $217,000. HBW Advisory Services LLC purchased a new position in Global X 1-3 Month T-Bill ETF during the third quarter valued at $249,000. Finally, PFG Investments LLC boosted its stake in Global X 1-3 Month T-Bill ETF by 18.8% during the third quarter. PFG Investments LLC now owns 3,408 shares of the company’s stock worth $343,000 after acquiring an additional 540 shares in 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.