Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sets New 52-Week Low – Time to Sell?

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

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

The stock has a 50 day moving average price of $100.27 and a 200 day moving average price of $100.29.

Institutional Investors Weigh In On Global X 1-3 Month T-Bill ETF

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

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.