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

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,500 shares, an increase of 650.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is currently 0.1 days.

Global X Alternative Income ETF Price Performance

NASDAQ:ALTY traded down $0.01 during trading hours on Tuesday, hitting $11.89. The stock had a trading volume of 6,314 shares, compared to its average volume of 9,231. The firm has a market capitalization of $33.52 million, a price-to-earnings ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a one year low of $10.95 and a one year high of $12.19. The company has a 50 day simple moving average of $11.84 and a two-hundred day simple moving average of $11.82.

Global X Alternative Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a $0.1495 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from Global X Alternative Income ETF’s previous dividend of $0.09.

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.