Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report) rose 1.3% on Friday . The stock traded as high as $19.65 and last traded at $19.65. Approximately 380 shares traded hands during trading, an increase of 98% from the average daily volume of 192 shares. The stock had previously closed at $19.40.
Global X Interest Rate Hedge ETF Stock Performance
The company has a 50-day simple moving average of $20.67 and a 200-day simple moving average of $20.62.
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.
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