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

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $100.05 and last traded at $100.06, with a volume of 130810 shares. The stock had previously closed at $100.36.

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

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

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. Concurrent Investment Advisors LLC boosted 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 valued at $4,090,000 after purchasing an additional 19,279 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Global X 1-3 Month T-Bill ETF during the 2nd quarter worth approximately $118,000. Balefire LLC purchased a new stake in shares of Global X 1-3 Month T-Bill ETF in the 2nd quarter valued at $420,000. Stillwater Private Wealth LLC acquired a new position in Global X 1-3 Month T-Bill ETF during the 1st quarter worth about $253,000. Finally, Verus Capital Partners LLC grew its position 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 acquiring an additional 16,795 shares in the last quarter.

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.