Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Up 1,120.2% in May

Global X Alternative Income ETF (NASDAQ:ALTYGet Free Report) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 27,344 shares, a growth of 1,120.2% from the May 14th total of 2,241 shares. Based on an average daily trading volume, of 12,999 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.8% of the shares of the company are sold short.

Global X Alternative Income ETF Stock Up 0.5%

ALTY stock traded up $0.06 during mid-day trading on Thursday, reaching $12.29. 417 shares of the stock traded hands, compared to its average volume of 19,241. Global X Alternative Income ETF has a 52 week low of $11.47 and a 52 week high of $12.58. The business has a 50-day moving average of $12.29 and a two-hundred day moving average of $12.21. The firm has a market capitalization of $44.00 million, a PE ratio of 17.85 and a beta of 0.60.

Global X Alternative Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.079 per share. The ex-dividend date was Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after acquiring an additional 3,188 shares during the period. Cetera Investment Advisers grew its position in Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock worth $207,000 after purchasing an additional 1,194 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Global X Alternative Income ETF by 57.0% during the 3rd quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock worth $326,000 after purchasing an additional 9,973 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Global X Alternative Income ETF during the third quarter valued at about $367,000. Finally, Advisory Services Network LLC acquired a new stake in Global X Alternative Income ETF during the third quarter worth about $61,000.

Global X Alternative Income ETF Company Profile

(Get Free Report)

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.

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