Global X Interest Rate Hedge ETF (NYSEARCA:IRHG) Trading Up 0.2% – Time to Buy?

Global X Interest Rate Hedge ETF (NYSEARCA:IRHGGet Free Report) was up 0.2% during mid-day trading on Thursday . The company traded as high as $19.65 and last traded at $19.65. Approximately 332 shares were traded during trading, an increase of 73% from the average daily volume of 192 shares. The stock had previously closed at $19.60.

Global X Interest Rate Hedge ETF Stock Performance

The stock has a fifty day simple moving average of $20.12 and a 200-day simple moving average of $20.25.

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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