Global X Interest Rate Hedge ETF (NYSEARCA:IRHG) Stock Price Down 0.6% – Here’s What Happened

Global X Interest Rate Hedge ETF (NYSEARCA:IRHG)’s stock price was down 0.6% on Wednesday . The stock traded as low as $17.3150 and last traded at $17.3150. Approximately 494 shares changed hands during trading, an increase of 157% from the average daily volume of 192 shares. The stock had previously closed at $17.4250.

Global X Interest Rate Hedge ETF Price Performance

The business has a 50 day simple moving average of $17.32 and a 200 day simple moving average of $17.32.

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. RATE was launched on Jul 5, 2022 and is managed by Global X.