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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) shares saw an uptick in trading volume on Wednesday . 1,049,149 shares changed hands during trading, an increase of 382% from the previous session’s volume of 217,811 shares.The stock last traded at $100.2050 and had previously closed at $100.19.

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

The firm has a fifty day moving average price of $100.25 and a 200 day moving average price of $100.25.

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

Several hedge funds have recently bought and sold shares of CLIP. Sei Investments Co. raised its stake in shares of Global X 1-3 Month T-Bill ETF by 3.4% in the 2nd quarter. Sei Investments Co. now owns 1,461,135 shares of the company’s stock valued at $146,727,000 after acquiring an additional 48,546 shares in the last quarter. Creekmur Asset Management LLC raised its position in shares of Global X 1-3 Month T-Bill ETF by 113.1% in the first quarter. Creekmur Asset Management LLC now owns 755,858 shares of the company’s stock valued at $75,918,000 after purchasing an additional 401,127 shares during the period. LPL Financial LLC lifted its stake in shares of Global X 1-3 Month T-Bill ETF by 35.2% in the first quarter. LPL Financial LLC now owns 717,726 shares of the company’s stock worth $72,088,000 after buying an additional 186,876 shares during the last quarter. 49 Wealth Management LLC boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 57.9% during the 2nd quarter. 49 Wealth Management LLC now owns 634,034 shares of the company’s stock worth $63,670,000 after buying an additional 232,538 shares during the period. Finally, Capital Investment Advisors LLC grew its stake in Global X 1-3 Month T-Bill ETF by 24.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 525,357 shares of the company’s stock valued at $52,756,000 after buying an additional 101,878 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.