RATE Stock Summary and Trading Ideas (Global X Funds Global X Interest Rate Hedge ETF | ARCA:RATE)

The Global X Interest Rate Hedge ETF (RATE) is an actively-managed ETF designed to benefit when long-term interest rates increase. RATE seeks to achieve its investment objective primarily by investing in long interest rate swap options ("swaptions") and long positions in short term U.S. Treasury securities. The latter is mainly utilized for cash management purposes. RATE may invest in U.S. Treasury bills directly or through other ETFs.

Global X Funds Global X Interest Rate Hedge ETF trades on the ARCA stock market under the symbol RATE.

As of May 10, 2024, RATE stock price climbed to $21.09 with 429 million shares trading.

RATE has a market cap of $2.11 million. This is considered a Sub-Micro Cap stock.

RATE has underperformed the market in the last year with a price return of +17.1% while the SPY ETF gained +27.8%. However, in the short term, RATE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.9% vs +4.2% return in SPY. But in the last 2 weeks, RATE shares have been beat by the market, returning -3.9% compared to an SPY return of +2.5%.

RATE support price is $20.60 and resistance is $21.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RATE stock will trade within this expected range on the day.