Shares of Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report) were down 0.8% during trading on Wednesday . The company traded as low as $19.76 and last traded at $19.80. Approximately 949 shares changed hands during trading, an increase of 394% from the average daily volume of 192 shares. The stock had previously closed at $19.96.
Global X Interest Rate Hedge ETF Trading Down 0.5 %
The firm’s 50-day simple moving average is $20.21 and its two-hundred day simple moving average is $20.73.
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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