Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Reaches New 1-Year Low – Should You Sell?

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) hit a new 52-week low on Wednesday . The stock traded as low as $100.05 and last traded at $100.05, with a volume of 66387 shares changing hands. The stock had previously closed at $100.34.

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

The business’s 50 day simple moving average is $100.23 and its 200-day simple moving average is $100.23.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF in the 4th quarter worth $40,000. Wells Fargo & Company MN bought a new stake in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at about $65,000. Center for Financial Planning Inc. acquired a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at about $113,000. Geneos Wealth Management Inc. acquired a new position in Global X 1-3 Month T-Bill ETF in the first quarter valued at about $146,000. Finally, Signal Advisors Wealth LLC acquired a new position in Global X 1-3 Month T-Bill ETF in the fourth quarter valued at about $212,000.

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.