Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sets New 1-Year Low – What’s Next?

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) reached a new 52-week low during trading on Thursday . The company traded as low as $100.02 and last traded at $100.05, with a volume of 1018557 shares. The stock had previously closed at $100.07.

Global X 1-3 Month T-Bill ETF Trading Down 0.0 %

The firm has a fifty day moving average price of $100.27 and a two-hundred day moving average price of $100.29.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at about $41,000. Geneos Wealth Management Inc. bought a new stake in Global X 1-3 Month T-Bill ETF in the 4th quarter worth approximately $125,000. IFP Advisors Inc purchased a new stake in Global X 1-3 Month T-Bill ETF during the 4th quarter valued at $152,000. SBI Securities Co. Ltd. bought a new position in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at $200,000. Finally, Ausdal Financial Partners Inc. purchased a new position in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth $201,000.

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.