Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Drops By 63.6%

Global X Alternative Income ETF (NASDAQ:ALTY) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 10,788 shares, a drop of 63.6% from the July 30th total of 29,652 shares. Based on an average daily volume of 19,005 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Global X Alternative Income ETF Price Performance

Shares of Global X Alternative Income ETF stock traded up $0.01 during trading on Friday, hitting $12.42. The stock had a trading volume of 3,398 shares, compared to its average volume of 19,634. The firm has a market cap of $45.95 million, a P/E ratio of 17.85 and a beta of 0.59. The business has a fifty day moving average of $12.36 and a two-hundred day moving average of $12.31. Global X Alternative Income ETF has a fifty-two week low of $11.65 and a fifty-two week high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 5th were given a $0.079 dividend. The ex-dividend date was Wednesday, August 5th. This represents a c) annualized dividend and a yield of 7.6%.

Hedge Funds Weigh In On Global X Alternative Income ETF

Large investors have recently made changes to their positions in the business. Harbour Investments Inc. acquired a new position in shares of Global X Alternative Income ETF in the 4th quarter worth approximately $45,000. Advisory Services Network LLC acquired a new stake in Global X Alternative Income ETF during the third quarter valued at approximately $61,000. Kestra Advisory Services LLC acquired a new stake in Global X Alternative Income ETF during the fourth quarter valued at approximately $73,000. Bank of America Corp DE boosted its holdings in Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after buying an additional 3,188 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Global X Alternative Income ETF by 48.0% during the first 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.

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.