Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 46.4% in March

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 3,301 shares, a decrease of 46.4% from the February 26th total of 6,153 shares. Based on an average daily volume of 18,264 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Global X Alternative Income ETF Trading Down 0.6%

ALTY opened at $12.00 on Friday. The company has a market cap of $43.80 million, a price-to-earnings ratio of 17.85 and a beta of 0.69. The company’s 50 day moving average is $12.29 and its 200 day moving average is $12.05. Global X Alternative Income ETF has a 12-month low of $10.57 and a 12-month high of $12.58.

Global X Alternative Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were given a $0.0789 dividend. The ex-dividend date was Wednesday, March 4th. This is a boost from Global X Alternative Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 7.9%.

Institutional Investors Weigh In On Global X Alternative Income ETF

A number of hedge funds have recently modified their holdings of ALTY. Kestra Advisory Services LLC purchased a new stake in shares of Global X Alternative Income ETF in the 4th quarter worth $73,000. LPL Financial LLC grew its holdings in Global X Alternative Income ETF by 5.4% during the fourth quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after purchasing an additional 21,290 shares during the period. Kingsview Wealth Management LLC grew its holdings in Global X Alternative Income ETF by 36.4% during the fourth 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 period. Harbour Investments Inc. purchased a new stake in Global X Alternative Income ETF in the fourth quarter worth about $45,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Global X Alternative Income ETF in the fourth quarter worth about $234,000.

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.