Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Trading Down 0.7% – Should You Sell?

Global X Interest Rate Hedge ETF (NYSEARCA:RATE) dropped 0.7% during mid-day trading on Monday . The stock traded as low as $19.95 and last traded at $20.08. Approximately 1,224 shares traded hands during trading, a decline of 68% from the average daily volume of 3,787 shares. The stock had previously closed at $20.22.

Global X Interest Rate Hedge ETF Price Performance

The business’s 50-day moving average price is $20.02 and its 200 day moving average price is $19.11.

Institutional Trading of Global X Interest Rate Hedge ETF

A hedge fund recently bought a new stake in Global X Interest Rate Hedge ETF stock. Jane Street Group LLC bought a new position in shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 as of its most recent SEC filing.

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.