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

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

A number of institutional investors have recently bought and sold shares of ALTY. Harbour Investments Inc. bought a new stake in Global X Alternative Income ETF during the fourth quarter valued at about $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 acquiring an additional 5,061 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Global X Alternative Income ETF in the first quarter worth about $479,000. Kingsview Wealth Management LLC boosted its stake in shares of Global X Alternative Income ETF by 36.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock worth $503,000 after acquiring an additional 11,242 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Global X Alternative Income ETF by 13.9% during the first quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock worth $577,000 after purchasing an additional 5,872 shares in the last quarter.

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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