Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Shares Down 0.6% – Here’s What Happened

Global X Interest Rate Hedge ETF (NYSEARCA:RATE)’s stock price was down 0.6% during mid-day trading on Tuesday . The stock traded as low as $17.32 and last traded at $17.3150. Approximately 494 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 1,907 shares. The stock had previously closed at $17.42.

Global X Interest Rate Hedge ETF Trading Down 0.6%

The firm has a market capitalization of $2.42 million, a price-to-earnings ratio of -69.26 and a beta of 2.19. The company’s 50 day moving average is $17.32 and its 200-day moving average is $18.00.

Institutional Investors 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 acquired a new position in shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,146 shares of the company’s stock, valued at approximately $303,000. Jane Street Group LLC owned about 12.25% of Global X Interest Rate Hedge ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 47.31% of the company’s stock.

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.