Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sets New 1-Year Low – Time to Sell?

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP)’s share price reached 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. The stock had previously closed at $100.34.

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

The firm has a 50-day moving average of $100.23 and a two-hundred day moving average of $100.22.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bleakley Financial Group LLC boosted its position in shares of Global X 1-3 Month T-Bill ETF by 18.0% in the first quarter. Bleakley Financial Group LLC now owns 1,069,071 shares of the company’s stock valued at $107,292,000 after acquiring an additional 163,006 shares during the period. Cetera Investment Advisers raised its stake in Global X 1-3 Month T-Bill ETF by 298.5% during the 1st quarter. Cetera Investment Advisers now owns 271,222 shares of the company’s stock valued at $27,220,000 after purchasing an additional 203,166 shares during the last quarter. Pacific Sage Partners LLC raised its stake in Global X 1-3 Month T-Bill ETF by 0.5% during the 1st quarter. Pacific Sage Partners LLC now owns 137,279 shares of the company’s stock valued at $13,777,000 after purchasing an additional 668 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in Global X 1-3 Month T-Bill ETF by 14.3% in the 1st quarter. Verus Capital Partners LLC now owns 134,145 shares of the company’s stock valued at $13,463,000 after purchasing an additional 16,795 shares during the period. Finally, Maridea Wealth Management LLC bought a new stake in Global X 1-3 Month T-Bill ETF in the 1st quarter valued at $12,981,000.

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.