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

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 7,628 shares, a decline of 72.8% from the June 15th total of 28,071 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 12,082 shares, the days-to-cover ratio is currently 0.6 days.

Global X Alternative Income ETF Price Performance

Shares of ALTY opened at $12.38 on Tuesday. The company has a market capitalization of $45.43 million, a P/E ratio of 17.85 and a beta of 0.59. Global X Alternative Income ETF has a one year low of $11.56 and a one year high of $12.58. The business’s 50 day simple moving average is $12.34 and its 200-day simple moving average is $12.27.

Global X Alternative Income ETF Announces Dividend

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

Hedge Funds Weigh In On Global X Alternative Income ETF

Several institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. bought a new position in Global X Alternative Income ETF in the fourth quarter valued at $45,000. Advisory Services Network LLC acquired a new position in shares of Global X Alternative Income ETF during the 3rd quarter worth about $61,000. Kestra Advisory Services LLC bought a new position in shares of Global X Alternative Income ETF in the 4th quarter valued at about $73,000. Bank of America Corp DE grew its holdings in shares of 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 acquiring an additional 3,188 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings 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 valued at $187,000 after acquiring an additional 5,061 shares in the last quarter.

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.