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)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $100.05 and last traded at $100.06, with a volume of 130810 shares traded. The stock had previously closed at $100.36.

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

The firm has a fifty day moving average price of $100.22 and a two-hundred day moving average price of $100.22.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter worth about $301,029,000. Bleakley Financial Group LLC purchased a new stake in Global X 1-3 Month T-Bill ETF during the fourth quarter valued at approximately $90,706,000. RHL Group LLC bought a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter worth approximately $63,489,000. 3EDGE Asset Management LP boosted its stake in shares of Global X 1-3 Month T-Bill ETF by 484.1% during the 4th quarter. 3EDGE Asset Management LP now owns 263,152 shares of the company’s stock worth $26,339,000 after acquiring an additional 218,102 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of 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 acquiring an additional 203,166 shares during the period.

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.