Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report) shares dropped 1.7% on Friday . The company traded as low as $19.24 and last traded at $19.24. Approximately 322 shares changed hands during trading, an increase of 68% from the average daily volume of 192 shares. The stock had previously closed at $19.57.
Global X Interest Rate Hedge ETF Stock Down 2.4 %
The stock has a 50 day simple moving average of $19.74 and a 200-day simple moving average of $20.07.
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.
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