Global X Alternative Income ETF (NASDAQ:ALTY) Sees Large Drop in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,556 shares, a decline of 49.7% from the September 15th total of 3,096 shares. Based on an average daily volume of 15,934 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Global X Alternative Income ETF Price Performance

NASDAQ ALTY traded up $0.07 during mid-day trading on Thursday, hitting $11.73. The company’s stock had a trading volume of 1,581 shares, compared to its average volume of 19,110. Global X Alternative Income ETF has a 52-week low of $11.65 and a 52-week high of $12.58. The stock’s fifty day simple moving average is $12.10 and its two-hundred day simple moving average is $12.24. The firm has a market capitalization of $45.41 million, a P/E ratio of 17.85 and a beta of 0.60.

Global X Alternative Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Monday, October 5th were paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 8.2%. The ex-dividend date was Monday, October 5th.

Institutional Investors Weigh In On Global X Alternative Income ETF

Several large investors have recently made changes to their positions in the business. Mezzasalma Advisors LLC acquired a new position in shares of Global X Alternative Income ETF during the 3rd quarter valued at $1,217,000. Cetera Investment Advisers purchased a new stake in Global X Alternative Income ETF during the 1st quarter worth $479,000. Envestnet Asset Management Inc. increased its holdings in Global X Alternative Income ETF by 17.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock valued at $755,000 after purchasing an additional 8,940 shares in the last quarter. Bank of America Corp DE increased its holdings in Global X Alternative Income ETF by 13.9% in the 1st quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock valued at $577,000 after purchasing an additional 5,872 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in Global X Alternative Income ETF by 48.0% in the 1st quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after purchasing an additional 5,061 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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