Global X Alternative Income ETF (NASDAQ:ALTY) Shares Shorted: Short Interest Up 813.0% in October

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 14,207 shares, an increase of 813.0% from the September 30th total of 1,556 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 20,084 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its holdings in shares of Global X Alternative Income ETF by 10.4% in the third quarter. SBI Securities Co. Ltd. now owns 13,087 shares of the company’s stock worth $154,000 after buying an additional 1,238 shares in the last quarter. Private Advisor Group LLC boosted its position 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 worth $187,000 after acquiring an additional 5,061 shares during the last quarter. Cetera Investment Advisers purchased a new position in Global X Alternative Income ETF during the first quarter valued at $479,000. Bank of America Corp DE grew its stake in Global X Alternative Income ETF by 13.9% during the first quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock valued at $577,000 after acquiring an additional 5,872 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Global X Alternative Income ETF by 17.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock valued at $755,000 after acquiring an additional 8,940 shares during the last quarter.

Global X Alternative Income ETF Price Performance

Shares of ALTY stock opened at $11.76 on Thursday. Global X Alternative Income ETF has a one year low of $11.60 and a one year high of $12.58. The company’s fifty day moving average price is $11.98 and its 200-day moving average price is $12.22. The company has a market capitalization of $45.51 million, a price-to-earnings ratio of 17.85 and a beta of 0.60.

Global X Alternative Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Monday, October 5th were given a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Monday, October 5th.

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.