Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as $100.04 and last traded at $100.0450, with a volume of 25768 shares changing hands. The stock had previously closed at $100.34.
Global X 1-3 Month T-Bill ETF Stock Down 0.3%
The stock has a 50 day moving average of $100.23 and a two-hundred day moving average of $100.22.
Hedge Funds Weigh In On Global X 1-3 Month T-Bill ETF
A number of institutional investors have recently modified their holdings of CLIP. Envestnet Asset Management Inc. lifted its stake in shares of Global X 1-3 Month T-Bill ETF by 5.5% in the second quarter. Envestnet Asset Management Inc. now owns 64,656 shares of the company’s stock worth $6,488,000 after buying an additional 3,349 shares during the last quarter. IFP Advisors Inc grew its stake in Global X 1-3 Month T-Bill ETF by 29.8% in the 2nd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock valued at $195,000 after buying an additional 447 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Global X 1-3 Month T-Bill ETF by 89.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,760 shares of the company’s stock worth $4,090,000 after acquiring an additional 19,279 shares during the period. Creekmur Asset Management LLC bought a new position in Global X 1-3 Month T-Bill ETF in the 2nd quarter worth $118,000. Finally, Balefire LLC acquired a new position in Global X 1-3 Month T-Bill ETF during the 2nd quarter worth $420,000.
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.
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