Global X Alternative Income ETF (NASDAQ:ALTY – Get 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
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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