Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Shares Up 1.2%

Global X Interest Rate Hedge ETF (NYSEARCA:RATE) shares were up 1.2% on Thursday . The company traded as high as $21.83 and last traded at $21.83. Approximately 420 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 1,686 shares. The stock had previously closed at $21.58.

Global X Interest Rate Hedge ETF Stock Performance

The company has a fifty day simple moving average of $19.79 and a 200-day simple moving average of $23.15.

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.