Global X Alternative Income ETF (NASDAQ:ALTY) to Issue $0.07 Monthly Dividend

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Wednesday, April 2nd, NASDAQ Dividends reports. Investors of record on Thursday, April 3rd will be paid a dividend of 0.074 per share on Thursday, April 10th. This represents a $0.89 annualized dividend and a yield of 7.73%. The ex-dividend date is Thursday, April 3rd.

Global X Alternative Income ETF Stock Performance

ALTY traded down $0.28 during midday trading on Thursday, hitting $11.49. The company had a trading volume of 15,804 shares, compared to its average volume of 11,485. Global X Alternative Income ETF has a twelve month low of $10.95 and a twelve month high of $12.19. The company has a market capitalization of $32.06 million, a PE ratio of 19.52 and a beta of 0.99. The firm’s 50-day simple moving average is $11.86 and its 200-day simple moving average is $11.89.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Alternative Income ETF stock. Bank of America Corp DE boosted its position in Global X Alternative Income ETF (NASDAQ:ALTY) by 60.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,446 shares of the company’s stock after acquiring an additional 3,188 shares during the period. Bank of America Corp DE owned 0.30% of Global X Alternative Income ETF worth $98,000 at the end of the most recent 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.