Global X Interest Rate Hedge ETF (NYSEARCA:RATE – Get Free Report) shot up 2% during trading on Wednesday . The stock traded as high as $20.14 and last traded at $20.14. 285 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,898 shares. The stock had previously closed at $19.75.
Global X Interest Rate Hedge ETF Price Performance
The company has a 50-day moving average price of $20.84 and a 200-day moving average price of $20.35.
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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