Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 3,096 shares, a decline of 84.6% from the August 31st total of 20,141 shares. Based on an average daily volume of 13,218 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
Global X Alternative Income ETF Stock Performance
Shares of ALTY traded down $0.01 during mid-day trading on Friday, reaching $11.90. The stock had a trading volume of 8,573 shares, compared to its average volume of 19,041. The business has a fifty day moving average of $12.27 and a 200 day moving average of $12.27. The firm has a market cap of $47.24 million, a price-to-earnings ratio of 17.85 and a beta of 0.59. Global X Alternative Income ETF has a 12 month low of $11.65 and a 12 month high of $12.58.
Global X Alternative Income ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Friday, September 11th. Investors of record on Thursday, September 3rd were paid a dividend of $0.08 per share. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.0790. The ex-dividend date was Thursday, September 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.1%.
Institutional Investors Weigh In On Global X Alternative Income ETF
Global X Alternative Income ETF Company Profile
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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