Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Strong Trading Volume – Time to Buy?

Shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) saw strong trading volume on Monday . Approximately 664,922 shares traded hands 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 Price Performance

The stock has a 50-day moving average of $100.20 and a 200 day moving average of $100.22.

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

Several hedge funds have recently bought and sold shares of CLIP. Creekmur Asset Management LLC acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $118,000. Balefire LLC bought a new position in Global X 1-3 Month T-Bill ETF in the second quarter valued at approximately $420,000. Stillwater Private Wealth LLC bought a new position in Global X 1-3 Month T-Bill ETF in the first quarter valued at approximately $253,000. Verus Capital Partners LLC raised its position in Global X 1-3 Month T-Bill ETF by 14.3% during the first quarter. Verus Capital Partners LLC now owns 134,145 shares of the company’s stock valued at $13,463,000 after purchasing an additional 16,795 shares in the last quarter. Finally, Centaurus Financial Inc. raised its position in Global X 1-3 Month T-Bill ETF by 53.1% during the first quarter. Centaurus Financial Inc. now owns 28,215 shares of the company’s stock valued at $2,832,000 after purchasing an additional 9,791 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.