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

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 8,800 shares, an increase of 238.5% from the May 31st total of 2,600 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 0.9 days.

Global X Alternative Income ETF Stock Up 0.3 %

NASDAQ ALTY traded up $0.03 during trading on Thursday, hitting $11.37. The company’s stock had a trading volume of 32,028 shares, compared to its average volume of 10,851. Global X Alternative Income ETF has a 52 week low of $10.31 and a 52 week high of $11.65. The firm has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.33. The firm has a market cap of $34.91 million, a P/E ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.0672 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend was Wednesday, June 5th.

Institutional Investors Weigh In On Global X Alternative Income ETF

A number of institutional investors have recently bought and sold shares of the business. Eudaimonia Partners LLC lifted its stake in Global X Alternative Income ETF by 16.6% during the first quarter. Eudaimonia Partners LLC now owns 71,393 shares of the company’s stock worth $823,000 after purchasing an additional 10,166 shares during the period. Eudaimonia Advisors LLC increased its stake in shares of Global X Alternative Income ETF by 3.6% in the first quarter. Eudaimonia Advisors LLC now owns 43,656 shares of the company’s stock valued at $504,000 after buying an additional 1,510 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its position in Global X Alternative Income ETF by 18.1% during the 4th quarter. Kovack Advisors Inc. now owns 21,522 shares of the company’s stock worth $243,000 after buying an additional 3,294 shares in 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.