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 decrease in short interest in May. As of May 15th, there was short interest totaling 2,241 shares, a decrease of 58.6% from the April 30th total of 5,418 shares. Based on an average daily volume of 10,156 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Global X Alternative Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. purchased a new position in shares of Global X Alternative Income ETF during the 4th quarter worth $45,000. Advisory Services Network LLC purchased a new position in Global X Alternative Income ETF during the 3rd quarter valued at about $61,000. Kestra Advisory Services LLC purchased a new position in Global X Alternative Income ETF during the 4th quarter valued at about $73,000. Bank of America Corp DE boosted its holdings 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 acquiring an additional 3,188 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Global X Alternative Income ETF by 48.0% during 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 during the period.

Global X Alternative Income ETF Stock Down 0.2%

Shares of ALTY stock traded down $0.03 during trading hours on Tuesday, hitting $12.34. 11,753 shares of the company’s stock were exchanged, compared to its average volume of 20,019. The firm has a market cap of $44.18 million, a P/E ratio of 17.85 and a beta of 0.61. The firm has a 50 day moving average of $12.25 and a two-hundred day moving average of $12.19. Global X Alternative Income ETF has a fifty-two week low of $11.41 and a fifty-two week high of $12.58.

Global X Alternative Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, May 5th were paid a $0.079 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a c) annualized dividend and a yield of 7.7%. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

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.