Global X Interest Rate Hedge ETF (NYSEARCA:RATE) Stock Price Down 0.6% – Time to Sell?

Global X Interest Rate Hedge ETF (NYSEARCA:RATE)’s share price traded down 0.6% on Tuesday . The stock traded as low as $17.32 and last traded at $17.3150. 494 shares were traded during 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 Trading 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’s 50 day moving average price is $17.32 and its two-hundred day moving average price is $17.32.

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:RATE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 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. RATE was launched on Jul 5, 2022 and is managed by Global X.