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 trading on Friday . The company traded as low as $100.03 and last traded at $100.17, with a volume of 219336 shares changing hands. The stock had previously closed at $100.13.

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

The stock’s fifty day moving average price is $100.24 and its two-hundred day moving average price is $100.30.

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

Several large investors have recently bought and sold shares of CLIP. Harbour Investments Inc. purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the 3rd quarter worth approximately $2,092,000. GoalVest Advisory LLC acquired a new stake in Global X 1-3 Month T-Bill ETF during the 3rd quarter worth $578,000. Principal Securities Inc. lifted its position in Global X 1-3 Month T-Bill ETF by 32.4% in the fourth quarter. Principal Securities Inc. now owns 2,645 shares of the company’s stock valued at $265,000 after acquiring an additional 647 shares during the last quarter. Stifel Financial Corp acquired a new position in Global X 1-3 Month T-Bill ETF in the third quarter valued at $438,000. Finally, IFP Advisors Inc purchased a new position in shares of Global X 1-3 Month T-Bill ETF during the fourth quarter worth about $152,000.

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.