Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Trading Down 1.1% – Here’s Why

Global X Interest Rate Hedge ETF (NYSEARCA:RATE) was down 1.1% during trading on Wednesday . The stock traded as low as $19.32 and last traded at $19.32. Approximately 55 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 2,107 shares. The stock had previously closed at $19.53.

Global X Interest Rate Hedge ETF Stock Down 0.2 %

The business has a fifty day simple moving average of $19.97 and a two-hundred day simple moving average of $19.36.

Institutional Trading of Global X Interest Rate Hedge ETF

An institutional investor recently bought a new position in Global X Interest Rate Hedge ETF stock. Jane Street Group LLC bought a new position in shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,738 shares of the company’s stock, valued at approximately $188,000. Jane Street Group LLC owned about 10.74% of Global X Interest Rate Hedge ETF at the end of the most recent reporting period.

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.