Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report) shares dropped 0.6% during mid-day trading on Friday . The company traded as low as $17.32 and last traded at $17.32. Approximately 494 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 192 shares. The stock had previously closed at $17.43.
Global X Interest Rate Hedge ETF Price Performance
The stock’s fifty day moving average is $17.32 and its 200-day moving average is $18.05.
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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