Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Reaches New 1-Year Low – Should You Sell?

Shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIPGet Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $100.05 and last traded at $100.05, with a volume of 66387 shares traded. The stock had previously closed at $100.34.

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

The firm has a fifty day simple moving average of $100.23 and a 200-day simple moving average of $100.23.

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

Several large investors have recently made changes to their positions in CLIP. United Advisor Group LLC increased its position in Global X 1-3 Month T-Bill ETF by 1.8% in the fourth quarter. United Advisor Group LLC now owns 8,456 shares of the company’s stock worth $847,000 after purchasing an additional 152 shares during the period. Portland Financial Advisors Inc lifted its position in Global X 1-3 Month T-Bill ETF by 5.8% during the 1st quarter. Portland Financial Advisors Inc now owns 3,382 shares of the company’s stock valued at $339,000 after purchasing an additional 184 shares during the period. Kestra Advisory Services LLC lifted its position in Global X 1-3 Month T-Bill ETF by 13.1% during the 4th quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock valued at $244,000 after purchasing an additional 283 shares during the period. Janney Montgomery Scott LLC lifted its position in Global X 1-3 Month T-Bill ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,921 shares of the company’s stock valued at $293,000 after purchasing an additional 348 shares during the period. Finally, Sound Income Strategies LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter valued at about $40,000.

About Global X 1-3 Month T-Bill ETF

(Get Free Report)

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.

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