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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 3,096 shares, a decline of 84.6% from the August 31st total of 20,141 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 13,218 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Global X Alternative Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in Global X Alternative Income ETF by 17.2% in the second quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock worth $755,000 after purchasing an additional 8,940 shares during the last quarter. Bank of America Corp DE increased its holdings 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 worth $577,000 after purchasing an additional 5,872 shares during the last quarter. Cetera Investment Advisers bought a new stake in Global X Alternative Income ETF in the first quarter worth $479,000. Private Advisor Group LLC raised 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 during the period. Finally, Kingsview Wealth Management LLC raised its stake in shares of Global X Alternative Income ETF by 36.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock valued at $503,000 after acquiring an additional 11,242 shares during the period.

Global X Alternative Income ETF Trading Down 0.1%

NASDAQ ALTY traded down $0.01 during trading on Friday, hitting $11.90. The company had a trading volume of 8,573 shares, compared to its average volume of 19,041. The company’s fifty day moving average is $12.27 and its 200-day moving average is $12.27. Global X Alternative Income ETF has a one year low of $11.65 and a one year high of $12.58. The company has a market cap of $47.24 million, a price-to-earnings ratio of 17.85 and a beta of 0.59.

Global X Alternative Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 11th. Stockholders of record on Thursday, September 3rd were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.1%. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.0790.

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.