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

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

Global X Alternative Income ETF Price Performance

Shares of Global X Alternative Income ETF stock opened at $12.37 on Thursday. Global X Alternative Income ETF has a 1 year low of $11.27 and a 1 year high of $12.58. The company has a market capitalization of $44.28 million, a P/E ratio of 17.85 and a beta of 0.61. The business has a 50 day moving average price of $12.23 and a 200 day moving average price of $12.15.

Global X Alternative Income ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALTY. Harbour Investments Inc. acquired a new position in shares of Global X Alternative Income ETF during the 4th quarter worth approximately $45,000. Advisory Services Network LLC acquired a new position in Global X Alternative Income ETF in the 3rd quarter valued at $61,000. Kestra Advisory Services LLC acquired a new position in Global X Alternative Income ETF in the 4th quarter valued at $73,000. Bank of America Corp DE raised its holdings in Global X Alternative Income ETF by 60.6% in the 4th quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after acquiring an additional 3,188 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Global X Alternative Income ETF by 48.0% in the 1st quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after acquiring an additional 5,061 shares during the last quarter.

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.