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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 18,579 shares, a growth of 669.6% from the March 31st total of 2,414 shares. Based on an average daily trading volume, of 23,842 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are short sold.

Global X Alternative Income ETF Stock Up 0.2%

Shares of ALTY stock opened at $12.38 on Friday. The stock has a 50-day simple moving average of $12.25 and a 200 day simple moving average of $12.10. Global X Alternative Income ETF has a fifty-two week low of $11.27 and a fifty-two week high of $12.58. The stock has a market capitalization of $44.44 million, a P/E ratio of 17.85 and a beta of 0.64.

Global X Alternative Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, April 13th. Investors of record on Monday, April 6th were given a $0.0783 dividend. The ex-dividend date was Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ALTY. Harbour Investments Inc. acquired a new position in shares of Global X Alternative Income ETF in the 4th quarter valued at $45,000. Advisory Services Network LLC acquired a new position in shares of Global X Alternative Income ETF in the 3rd quarter valued at $61,000. Kestra Advisory Services LLC acquired a new position in shares of Global X Alternative Income ETF in the 4th quarter valued at $73,000. Bank of America Corp DE boosted its position 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 purchasing an additional 3,188 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after purchasing an additional 1,194 shares during the period.

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.