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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 5,418 shares, a decrease of 70.8% from the April 15th total of 18,579 shares. Based on an average daily volume of 17,018 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Global X Alternative Income ETF Trading Up 0.1%

NASDAQ ALTY opened at $12.38 on Wednesday. Global X Alternative Income ETF has a 12-month low of $11.27 and a 12-month high of $12.58. The company has a fifty day simple moving average of $12.23 and a two-hundred day simple moving average of $12.15. The stock has a market cap of $44.32 million, a P/E ratio of 17.85 and a beta of 0.61.

Global X Alternative Income ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Kingsview Wealth Management LLC acquired a new stake in shares of Global X Alternative Income ETF during the third quarter worth about $367,000. Cetera Investment Advisers increased its holdings in 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 worth $207,000 after buying an additional 1,194 shares during the period. Bank of America Corp DE increased its holdings in Global X Alternative Income ETF by 27.8% in the 3rd quarter. Bank of America Corp DE now owns 30,837 shares of the company’s stock worth $366,000 after buying an additional 6,706 shares during the period. LPL Financial LLC raised its position in Global X Alternative Income ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock worth $4,941,000 after buying an additional 21,290 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Global X Alternative Income ETF during the 4th quarter worth approximately $73,000.

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.