Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report)’s stock price dropped 0.6% during trading on Friday . The company traded as low as $17.3150 and last traded at $17.3150. Approximately 494 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 192 shares. The stock had previously closed at $17.4250.
Global X Interest Rate Hedge ETF Price Performance
The stock has a 50-day moving average price of $17.32 and a 200 day moving average price of $17.32.
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. RATE was launched on Jul 5, 2022 and is managed by Global X.
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