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

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,788 shares, a decline of 63.6% from the July 30th total of 29,652 shares. Based on an average daily trading volume, of 19,005 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Global X Alternative Income ETF Stock Performance

ALTY traded down $0.05 during midday trading on Friday, reaching $12.36. The company had a trading volume of 10,001 shares, compared to its average volume of 19,674. Global X Alternative Income ETF has a 12-month low of $11.65 and a 12-month high of $12.58. The business has a 50-day moving average price of $12.36 and a two-hundred day moving average price of $12.31. The stock has a market cap of $45.73 million, a PE ratio of 17.85 and a beta of 0.59.

Global X Alternative Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.079 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in shares of Global X Alternative Income ETF during the fourth quarter valued at about $73,000. LPL Financial LLC grew its position in Global X Alternative Income ETF by 5.4% in the fourth quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock worth $4,941,000 after acquiring an additional 21,290 shares in the last quarter. Bank of America Corp DE increased its position in shares of Global X Alternative Income ETF by 27.8% during the 3rd quarter. Bank of America Corp DE now owns 30,837 shares of the company’s stock valued at $366,000 after purchasing an additional 6,706 shares during the last quarter. Cetera Investment Advisers grew its position in Global X Alternative Income ETF by 7.2% during the second quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after acquiring an additional 1,194 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Global X Alternative Income ETF by 48.0% in the first quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock worth $187,000 after buying an additional 5,061 shares during the period.

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.