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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,141 shares, an increase of 86.7% from the August 15th total of 10,788 shares. Based on an average daily volume of 38,142 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Global X Alternative Income ETF Price Performance

NASDAQ:ALTY opened at $12.03 on Wednesday. The firm has a market capitalization of $37.05 million, a price-to-earnings ratio of 17.85 and a beta of 0.59. The business has a 50 day simple moving average of $12.33 and a 200-day simple moving average of $12.30. Global X Alternative Income ETF has a 1 year low of $11.65 and a 1 year high of $12.58.

Global X Alternative Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 11th. Investors of record on Thursday, September 3rd were issued a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date was Thursday, September 3rd. This is a boost from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Global X Alternative Income ETF by 13.9% in 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 during the period. Cetera Investment Advisers purchased a new position in shares of Global X Alternative Income ETF during the 1st quarter worth about $479,000. Private Advisor Group LLC grew 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 purchasing an additional 5,061 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Global X Alternative Income ETF by 36.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock valued at $503,000 after purchasing an additional 11,242 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in Global X Alternative Income ETF in the 4th quarter worth about $45,000.

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.