Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Update

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 27,344 shares, a growth of 1,120.2% from the May 14th total of 2,241 shares. Based on an average daily trading volume, of 12,999 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ALTY. Harbour Investments Inc. bought a new stake in Global X Alternative Income ETF during the fourth quarter valued at about $45,000. Advisory Services Network LLC bought a new stake in Global X Alternative Income ETF during the third quarter valued at about $61,000. Kestra Advisory Services LLC bought a new stake in Global X Alternative Income ETF during the fourth quarter valued at about $73,000. Bank of America Corp DE boosted its position in Global X Alternative Income ETF by 60.6% during the fourth 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 in the last quarter. Finally, Private Advisor Group LLC boosted its position in Global X Alternative Income ETF by 48.0% during the first 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 in the last quarter.

Global X Alternative Income ETF Trading Up 0.1%

Shares of ALTY traded up $0.01 during midday trading on Tuesday, reaching $12.24. 24,106 shares of the stock were exchanged, compared to its average volume of 19,443. Global X Alternative Income ETF has a 52 week low of $11.47 and a 52 week high of $12.58. The company’s 50 day moving average is $12.29 and its two-hundred day moving average is $12.20. The company has a market capitalization of $43.82 million, a P/E ratio of 17.85 and a beta of 0.60.

Global X Alternative Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.079 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.