Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Reaches New 52-Week Low – Here’s Why

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $100.03 and last traded at $100.17, with a volume of 219336 shares. The stock had previously closed at $100.13.

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

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

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

A number of institutional investors have recently made changes to their positions in CLIP. Compass Financial Services Inc acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $41,000. Geneos Wealth Management Inc. acquired a new position in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter worth $125,000. IFP Advisors Inc purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth $152,000. Centaurus Financial Inc. increased its position 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 worth $168,000 after acquiring an additional 317 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Global X 1-3 Month T-Bill ETF in the fourth quarter valued at $200,000.

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.