Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Trading Down 0.6% – What’s Next?

Shares of Global X Interest Rate Hedge ETF (NYSEARCA:RATE) fell 0.6% during trading on Monday . The company traded as low as $17.32 and last traded at $17.32. 494 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,907 shares. The stock had previously closed at $17.42.

Global X Interest Rate Hedge ETF Stock Down 0.6%

The company has a market capitalization of $2.42 million, a price-to-earnings ratio of -69.26 and a beta of 2.19. The firm has a 50 day moving average price of $17.36 and a two-hundred day moving average price of $18.20.

Institutional Investors 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 second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,146 shares of the company’s stock, valued at approximately $303,000. Jane Street Group LLC owned approximately 12.25% of Global X Interest Rate Hedge ETF as of its most recent SEC filing. Institutional investors and hedge funds own 47.31% of the company’s stock.

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.