Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Shares Down 1.5% – Should You Sell?

Shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE) traded down 1.5% on Friday . The company traded as low as $18.92 and last traded at $18.92. 197 shares were traded during trading, a decline of 89% from the average session volume of 1,756 shares. The stock had previously closed at $19.21.

Global X Interest Rate Hedge ETF Trading Down 1.5 %

The business’s fifty day simple moving average is $19.01 and its two-hundred day simple moving average is $19.18.

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 bought a new stake in Global X Interest Rate Hedge ETF (NYSEARCA:RATE) during the third quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent reporting period.

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.