Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Shares Down 1.2% – Time to Sell?

Global X Interest Rate Hedge ETF (NYSEARCA:RATE)’s share price was down 1.2% during mid-day trading on Friday . The stock traded as low as $20.17 and last traded at $20.31. Approximately 1,264 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 1,725 shares. The stock had previously closed at $20.56.

Global X Interest Rate Hedge ETF Trading Down 1.2 %

The business has a fifty day simple moving average of $19.48 and a 200-day simple moving average of $19.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Interest Rate Hedge ETF stock. Jane Street Group LLC acquired a new stake in Global X Interest Rate Hedge ETF (NYSEARCA:RATE) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,738 shares of the company’s stock, valued at approximately $188,000. Jane Street Group LLC owned approximately 10.74% of Global X Interest Rate Hedge ETF at the end of the most recent quarter.

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.