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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 29,652 shares, a decline of 36.0% from the July 15th total of 46,305 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 11,332 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. bought a new stake in shares of Global X Alternative Income ETF in the fourth quarter worth about $45,000. Advisory Services Network LLC bought a new stake in Global X Alternative Income ETF in the 3rd quarter worth approximately $61,000. Kestra Advisory Services LLC bought a new stake in shares of Global X Alternative Income ETF in the 4th quarter worth about $73,000. Bank of America Corp DE raised its position in Global X Alternative Income ETF by 60.6% during 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. Finally, Private Advisor Group LLC grew its position in shares of 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 worth $187,000 after buying an additional 5,061 shares during the last quarter.

Global X Alternative Income ETF Stock Up 0.4%

Shares of NASDAQ ALTY traded up $0.05 during midday trading on Wednesday, hitting $12.40. 6,970 shares of the company’s stock were exchanged, compared to its average volume of 19,785. The company’s 50 day moving average price is $12.35 and its 200 day moving average price is $12.31. The firm has a market capitalization of $45.88 million, a PE 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 declared a monthly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 5th were given a $0.079 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Wednesday, August 5th.

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.