Global X Interest Rate Hedge ETF (NYSEARCA:IRHG) Stock Price Up 0.8% – What’s Next?

Global X Interest Rate Hedge ETF (NYSEARCA:IRHG) shares shot up 0.8% on Tuesday . The stock traded as high as $20.00 and last traded at $19.77. 5,398 shares were traded during trading, an increase of 2,711% from the average session volume of 192 shares. The stock had previously closed at $19.60.

Global X Interest Rate Hedge ETF Stock Up 0.1 %

The stock’s 50 day moving average is $19.82 and its two-hundred day moving average is $20.93.

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.