Global X Interest Rate Hedge ETF (NYSEARCA:RATE – Get Free Report) shares shot up 0.4% during mid-day trading on Monday . The company traded as high as $18.57 and last traded at $18.57. 266 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,764 shares. The stock had previously closed at $18.49.
Global X Interest Rate Hedge ETF Stock Up 0.4%
The firm’s 50-day simple moving average is $18.97 and its 200-day simple moving average is $19.50.
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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