Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Stock Price Down 1.1% – Here’s What Happened

Global X Interest Rate Hedge ETF (NYSEARCA:RATE)’s stock price dropped 1.1% during mid-day trading on Tuesday . The stock traded as low as $19.38 and last traded at $19.44. Approximately 1,301 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 2,864 shares. The stock had previously closed at $19.65.

Global X Interest Rate Hedge ETF Stock Down 1.1 %

The firm has a 50 day moving average price of $20.28 and a 200-day moving average price of $19.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Interest Rate Hedge ETF stock. Jane Street Group LLC acquired 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 acquired 10,738 shares of the company’s stock, valued at approximately $188,000. Jane Street Group LLC owned approximately 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.