Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Trading Down 1.1% – Should You Sell?

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

Global X Interest Rate Hedge ETF Stock Down 1.1 %

The firm has a 50 day simple moving average of $20.00 and a two-hundred day simple moving average of $19.36.

Hedge Funds Weigh In On 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 purchased a new position in shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 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.