Global X Interest Rate Hedge ETF (NYSEARCA:IRHG) Trading Down 2%

Global X Interest Rate Hedge ETF (NYSEARCA:IRHG)’s stock price traded down 2% during mid-day trading on Tuesday . The company traded as low as $19.73 and last traded at $19.73. 1,183 shares traded hands during mid-day trading, an increase of 516% from the average session volume of 192 shares. The stock had previously closed at $20.13.

Global X Interest Rate Hedge ETF Trading Down 2.0 %

The stock has a 50-day moving average price of $21.17 and a 200 day moving average price of $24.61.

Institutional Inflows and Outflows

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:IRHG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 83,377 shares of the company’s stock, valued at approximately $2,628,000. Jane Street Group LLC owned 64.14% of Global X Interest Rate Hedge ETF as of its most recent SEC filing.

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.