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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 21,300 shares, an increase of 187.8% from the August 31st total of 7,400 shares. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in shares of Global X Alternative Income ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock worth $521,000 after buying an additional 1,029 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Global X Alternative Income ETF by 19.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 7,244 shares of the company’s stock valued at $85,000 after purchasing an additional 1,160 shares in the last quarter. Cetera Investment Advisers increased 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 in the last quarter. Truist Financial Corp increased its stake in Global X Alternative Income ETF by 14.8% in the 2nd quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock valued at $204,000 after purchasing an additional 2,252 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Global X Alternative Income ETF by 60.6% in the 4th quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after purchasing an additional 3,188 shares in the last quarter.

Global X Alternative Income ETF Trading Down 0.4%

Shares of ALTY stock opened at $11.86 on Friday. The company has a market cap of $37.00 million, a price-to-earnings ratio of 17.85 and a beta of 0.99. The stock has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $11.58. Global X Alternative Income ETF has a 12-month low of $10.57 and a 12-month high of $12.19.

Global X Alternative Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.0755 per share. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

About Global X Alternative Income ETF

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.