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

Shares of 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 Stock Down 0.0 %

The firm’s 50-day simple moving average is $100.27 and its 200-day simple moving average is $100.30.

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

Several large investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. lifted its holdings in shares of Global X 1-3 Month T-Bill ETF by 23.5% during the 3rd quarter. Centaurus Financial Inc. now owns 1,668 shares of the company’s stock worth $168,000 after acquiring an additional 317 shares during the period. PFG Investments LLC lifted 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 purchasing an additional 540 shares during the period. Hart & Patterson Financial Group LLC bought a new position in Global X 1-3 Month T-Bill ETF during the third quarter worth about $204,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Global X 1-3 Month T-Bill ETF during the third quarter valued at approximately $217,000. Finally, HBW Advisory Services LLC bought a new stake in shares of Global X 1-3 Month T-Bill ETF in the 3rd quarter valued at approximately $249,000.

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.