Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report) shares shot up 1.3% during mid-day trading on Friday . The stock traded as high as $19.65 and last traded at $19.65. 380 shares changed hands during mid-day trading, an increase of 98% from the average session volume of 192 shares. The stock had previously closed at $19.40.
Global X Interest Rate Hedge ETF Stock Up 1.3 %
The firm’s 50 day moving average is $20.67 and its 200-day moving average is $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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