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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 5,418 shares, a drop of 70.8% from the April 15th total of 18,579 shares. Based on an average daily trading volume, of 17,018 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Global X Alternative Income ETF

A number of institutional investors have recently made changes to their positions in ALTY. Harbour Investments Inc. purchased a new position in Global X Alternative Income ETF during the 4th quarter worth $45,000. Advisory Services Network LLC acquired a new stake in Global X Alternative Income ETF in the third quarter worth about $61,000. Kestra Advisory Services LLC purchased a new stake in shares of Global X Alternative Income ETF during the fourth quarter worth about $73,000. Bank of America Corp DE grew its stake in shares of Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after acquiring an additional 3,188 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Global X Alternative Income ETF by 48.0% during 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.

Global X Alternative Income ETF Stock Up 0.1%

NASDAQ ALTY opened at $12.38 on Wednesday. Global X Alternative Income ETF has a 52 week low of $11.27 and a 52 week high of $12.58. The company has a 50 day moving average price of $12.23 and a 200 day moving average price of $12.15. The firm has a market cap of $44.32 million, a PE ratio of 17.85 and a beta of 0.61.

Global X Alternative Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.079 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This is a boost from Global X Alternative Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.