Global X Alternative Income ETF (NASDAQ:ALTY) Sees Significant Increase in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 46,305 shares, an increase of 507.0% from the June 30th total of 7,628 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 21,647 shares, the short-interest ratio is currently 2.1 days.

Global X Alternative Income ETF Stock Up 0.2%

Shares of NASDAQ:ALTY traded up $0.02 during midday trading on Friday, reaching $12.37. The company’s stock had a trading volume of 10,136 shares, compared to its average volume of 18,423. The business has a 50 day moving average price of $12.35 and a 200 day moving average price of $12.29. Global X Alternative Income ETF has a 1 year low of $11.65 and a 1 year high of $12.58. The firm has a market cap of $45.77 million, a price-to-earnings ratio of 17.85 and a beta of 0.59.

Global X Alternative Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 13th. Investors of record on Monday, July 6th were given a $0.079 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Trading of Global X Alternative Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC lifted 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 worth $187,000 after buying an additional 5,061 shares in the last quarter. Bank of America Corp DE lifted its holdings in Global X Alternative Income ETF by 13.9% during the 1st quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock worth $577,000 after buying an additional 5,872 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Global X Alternative Income ETF in the 3rd quarter worth about $61,000. Kestra Advisory Services LLC bought a new position in shares of Global X Alternative Income ETF during the fourth quarter valued at approximately $73,000. Finally, LPL Financial LLC increased its position in Global X Alternative Income ETF by 5.4% in the fourth quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock worth $4,941,000 after buying an additional 21,290 shares during the period.

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.