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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) shares saw unusually-strong trading volume on Monday . Approximately 581,469 shares were traded during trading, an increase of 277% from the previous session’s volume of 154,352 shares.The stock last traded at $100.15 and had previously closed at $100.15.

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

The firm’s 50 day simple moving average is $100.26 and its 200-day simple moving average is $100.29.

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

A number of large investors have recently modified their holdings of CLIP. Compass Financial Services Inc acquired a new position in Global X 1-3 Month T-Bill ETF in the 4th quarter worth $41,000. Geneos Wealth Management Inc. purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth about $125,000. IFP Advisors Inc acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $152,000. SBI Securities Co. Ltd. purchased a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at about $200,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter valued at approximately $201,000.

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.