Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Stock Price Down 1.2% – Should You Sell?

Global X Interest Rate Hedge ETF (NYSEARCA:RATE) fell 1.2% on Friday . The company traded as low as $20.17 and last traded at $20.31. 1,264 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 1,725 shares. The stock had previously closed at $20.56.

Global X Interest Rate Hedge ETF Stock Performance

The company has a 50-day moving average of $19.48 and a 200-day moving average of $19.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Interest Rate Hedge ETF stock. Jane Street Group LLC bought a new stake in Global X Interest Rate Hedge ETF (NYSEARCA:RATE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,738 shares of the company’s stock, valued at approximately $188,000. Jane Street Group LLC owned 10.74% of Global X Interest Rate Hedge ETF as of its most recent SEC filing.

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.