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) saw an uptick in trading volume on Monday . 455,817 shares traded hands during trading, an increase of 240% from the previous session’s volume of 134,122 shares.The stock last traded at $100.17 and had previously closed at $100.17.

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

The firm’s 50-day moving average price is $100.24 and its 200 day moving average price is $100.30.

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

Institutional investors have recently modified their holdings of the business. Gateway Wealth Partners LLC grew its stake in Global X 1-3 Month T-Bill ETF by 3.8% during the 4th quarter. Gateway Wealth Partners LLC now owns 8,282 shares of the company’s stock worth $829,000 after buying an additional 300 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 23.5% during the third quarter. Centaurus Financial Inc. now owns 1,668 shares of the company’s stock valued at $168,000 after acquiring an additional 317 shares during the period. Compass Financial Services Inc bought a new position in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth about $41,000. Principal Securities Inc. increased its holdings in shares of Global X 1-3 Month T-Bill ETF by 32.4% in the 4th quarter. Principal Securities Inc. now owns 2,645 shares of the company’s stock worth $265,000 after acquiring an additional 647 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in Global X 1-3 Month T-Bill ETF by 32.4% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 2,860 shares of the company’s stock valued at $286,000 after purchasing an additional 700 shares during the last quarter.

About Global X 1-3 Month T-Bill ETF

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.