Shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE – Get Rating) traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $24.35 and last traded at $24.35. 131 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 432 shares. The stock had previously closed at $24.48.
Global X Interest Rate Hedge ETF Trading Down 0.5 %
The firm's 50 day moving average price is $25.14.
Global X Interest Rate Hedge ETF Company Profile
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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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