Am I encountering clipping?

Does it sound like this bass guitar is clipping to you guys? I have it running into the UR22 mkII, then into Ableton, and I have the input volume at the minimum so the red ‘peak’ light is not lighting up on the audio interface. The volume is far from 0db in Ableton. It really shouldn’t be clipping, but it sure as hell sounds like it is to me. Same results even when I adjust the volume on the bass guitar itself.