Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Hits New 1-Year Low – Here’s What Happened

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $100.05 and last traded at $100.06, with a volume of 130810 shares changing hands. The stock had previously closed at $100.36.

Global X 1-3 Month T-Bill ETF Trading Down 0.3%

The firm’s fifty day simple moving average is $100.23 and its 200 day simple moving average is $100.22.

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

Hedge funds have recently bought and sold shares of the business. Portland Financial Advisors Inc lifted its position in shares of Global X 1-3 Month T-Bill ETF by 5.8% during the first quarter. Portland Financial Advisors Inc now owns 3,382 shares of the company’s stock worth $339,000 after purchasing an additional 184 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Global X 1-3 Month T-Bill ETF by 13.1% during the fourth quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock worth $244,000 after purchasing an additional 283 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Global X 1-3 Month T-Bill ETF by 13.5% in the first quarter. Janney Montgomery Scott LLC now owns 2,921 shares of the company’s stock worth $293,000 after purchasing an additional 348 shares during the period. Principal Securities Inc. increased its stake in Global X 1-3 Month T-Bill ETF by 10.2% during the fourth quarter. Principal Securities Inc. now owns 4,767 shares of the company’s stock valued at $477,000 after purchasing an additional 442 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in Global X 1-3 Month T-Bill ETF by 1.5% during the first quarter. D.A. Davidson & CO. now owns 40,318 shares of the company’s stock valued at $4,046,000 after purchasing an additional 607 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.