Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Stock Price Up 4.3% – Here’s What Happened

Global X Interest Rate Hedge ETF (NYSEARCA:RATE)’s stock price rose 4.3% during mid-day trading on Thursday . The stock traded as high as $19.90 and last traded at $19.89. Approximately 6,281 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 2,127 shares. The stock had previously closed at $19.07.

Global X Interest Rate Hedge ETF Stock Performance

The business has a fifty day moving average of $19.48 and a two-hundred day moving average of $19.57.

Hedge Funds Weigh In On Global X Interest Rate Hedge ETF

A hedge fund recently bought a new stake in Global X Interest Rate Hedge ETF stock. Jane Street Group LLC acquired a new position in shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,738 shares of the company’s stock, valued at approximately $188,000. Jane Street Group LLC owned about 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.