Shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE – Get Free Report) traded up 0.6% during trading on Wednesday . The stock traded as high as $18.33 and last traded at $18.33. 1,022 shares traded hands during trading, a decline of 38% from the average session volume of 1,653 shares. The stock had previously closed at $18.23.
Global X Interest Rate Hedge ETF Stock Performance
The company’s fifty day moving average is $17.91 and its 200-day moving average is $19.47.
Global X Interest Rate Hedge ETF Company Profile
The Global X Interest Rate Hedge ETF (RATE) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is an actively managed fund, using over-the-counter swaptions, which seeks to provide a hedge against sharp increases in long-term US interest rates. The fund is also expected to benefit during periods of market stress when interest rate volatility rises.
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