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 significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 6,153 shares, a decrease of 66.7% from the February 12th total of 18,494 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 14,113 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 14,113 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several hedge funds have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC boosted its position in shares of Global X Alternative Income ETF by 273.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock worth $728,000 after acquiring an additional 44,899 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Global X Alternative Income ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock valued at $521,000 after acquiring an additional 1,029 shares during the last quarter. Cetera Investment Advisers lifted its stake in Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock worth $207,000 after purchasing an additional 1,194 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Global X Alternative Income ETF in the 4th quarter worth $234,000. Finally, Truist Financial Corp boosted its holdings in shares of Global X Alternative Income ETF by 57.0% during the 3rd quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock valued at $326,000 after purchasing an additional 9,973 shares during the last quarter.

Global X Alternative Income ETF Trading Down 0.6%

Shares of ALTY opened at $12.20 on Friday. The business’s 50 day moving average is $12.29 and its 200 day moving average is $12.03. The company has a market capitalization of $44.53 million, a PE ratio of 17.85 and a beta of 0.69. 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 business also recently disclosed a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.0789 per share. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Global X Alternative Income ETF Company Profile

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.