Shares of Global X Interest Rate Hedge ETF (NYSEARCA:IRHG – Get Free Report) rose 0.8% during trading on Tuesday . The stock traded as high as $20.00 and last traded at $19.77. Approximately 5,398 shares were traded during trading, an increase of 2,711% from the average daily volume of 192 shares. The stock had previously closed at $19.60.
Global X Interest Rate Hedge ETF Stock Performance
The firm’s 50-day moving average is $19.89 and its 200 day moving average is $20.91.
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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