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

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

Global X 1-3 Month T-Bill ETF Stock Up 0.0%

The firm has a fifty day simple moving average of $100.22 and a 200-day simple moving average of $100.23.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CLIP. United Advisor Group LLC increased its position in shares of 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 valued at $847,000 after acquiring an additional 152 shares during the last quarter. Portland Financial Advisors Inc raised its holdings in 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 acquiring an additional 184 shares in the last quarter. Kestra Advisory Services LLC boosted its position 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 valued at $244,000 after purchasing an additional 283 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Global X 1-3 Month T-Bill ETF by 13.5% during the first 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 last quarter. Finally, Sound Income Strategies LLC bought a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $40,000.

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.