Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report)’s stock price was down 0.8% on Wednesday . The stock traded as low as $19.76 and last traded at $19.80. Approximately 949 shares were traded during mid-day 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 Price Performance
The business has a 50 day moving average price of $20.16 and a 200 day moving average price of $20.74.
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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