Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Increases By 507.0%

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 46,305 shares, an increase of 507.0% from the June 30th total of 7,628 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 21,647 shares, the short-interest ratio is presently 2.1 days.

Global X Alternative Income ETF Price Performance

ALTY opened at $12.37 on Monday. The stock’s 50 day moving average price is $12.35 and its 200 day moving average price is $12.29. The stock has a market cap of $45.77 million, a P/E 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 Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 13th. Stockholders of record on Monday, July 6th were issued a dividend of $0.079 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, July 6th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ALTY. Harbour Investments Inc. purchased a new stake in shares of Global X Alternative Income ETF in the fourth quarter valued at $45,000. Bank of America Corp DE boosted its position in Global X Alternative Income ETF by 13.9% during the 1st quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock worth $577,000 after acquiring an additional 5,872 shares during the period. Cetera Investment Advisers grew its stake in Global X Alternative Income ETF by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after acquiring an additional 1,194 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Global X Alternative Income ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after purchasing an additional 21,290 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Global X Alternative Income ETF in the 4th quarter valued at about $73,000.

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.