Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Update

Global X Alternative Income ETF (NASDAQ:ALTYGet Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 7,628 shares, a drop of 72.8% from the June 15th total of 28,071 shares. Based on an average daily trading volume, of 12,082 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Global X Alternative Income ETF Stock Performance

ALTY traded up $0.02 during trading on Monday, reaching $12.38. 1,885 shares of the stock were exchanged, compared to its average volume of 18,476. The stock’s 50 day moving average price is $12.34 and its two-hundred day moving average price is $12.26. Global X Alternative Income ETF has a twelve month low of $11.56 and a twelve month high of $12.58. The stock has a market cap of $45.43 million, a P/E ratio of 17.85 and a beta of 0.59.

Global X Alternative Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 13th. Stockholders of record on Monday, July 6th will be given a $0.079 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, July 6th.

Institutional Investors Weigh In On Global X Alternative Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers lifted its stake 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 valued at $207,000 after purchasing an additional 1,194 shares during the last quarter. Bank of America Corp DE raised its stake in Global X Alternative Income ETF by 60.6% in the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after buying an additional 3,188 shares during the period. Harbour Investments Inc. bought a new stake in Global X Alternative Income ETF in the fourth quarter valued at approximately $45,000. Private Advisor Group LLC lifted its position in shares of Global X Alternative Income ETF by 48.0% in the first quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after buying an additional 5,061 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Global X Alternative Income ETF in the third quarter valued at approximately $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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