Global X Interest Rate Hedge ETF (NYSEARCA:RATE – Get Free Report)’s stock price fell 1.2% during trading on Friday . The stock traded as low as $19.21 and last traded at $19.28. 6,583 shares were traded during trading, an increase of 238% from the average session volume of 1,946 shares. The stock had previously closed at $19.51.
Global X Interest Rate Hedge ETF Stock Performance
The company’s 50 day moving average is $19.09 and its 200 day moving average is $19.62.
About Global X Interest Rate Hedge ETF
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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