Shares of Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report) traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $17.3150 and last traded at $17.3150. 494 shares traded hands during mid-day trading, an increase of 157% from the average session volume of 192 shares. The stock had previously closed at $17.4250.
Global X Interest Rate Hedge ETF Price Performance
The company has a fifty day moving average price of $17.32 and a 200-day moving average price of $17.32.
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. RATE was launched on Jul 5, 2022 and is managed by Global X.
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