Global X Alternative Income ETF (NASDAQ:ALTY) Shares Up 0.2% – What’s Next?

Global X Alternative Income ETF (NASDAQ:ALTY)’s stock price shot up 0.2% during trading on Tuesday . The stock traded as high as $12.44 and last traded at $12.42. Approximately 17,596 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 18,652 shares. The stock had previously closed at $12.40.

Global X Alternative Income ETF Trading Up 0.2%

The business has a 50 day simple moving average of $12.34 and a two-hundred day simple moving average of $12.24. The stock has a market cap of $44.46 million, a price-to-earnings ratio of 17.85 and a beta of 0.60.

Global X Alternative Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.079 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Wednesday, June 3rd.

Institutional Trading of Global X Alternative Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ALTY. Harbour Investments Inc. acquired a new stake in Global X Alternative Income ETF in the fourth quarter valued at $45,000. Advisory Services Network LLC acquired a new position in Global X Alternative Income ETF during the 3rd quarter worth $61,000. Kestra Advisory Services LLC bought a new stake in shares of Global X Alternative Income ETF in the 4th quarter worth about $73,000. Bank of America Corp DE increased its position in shares of Global X Alternative Income ETF by 60.6% in the 4th quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after purchasing an additional 3,188 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of 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 valued at $187,000 after purchasing 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.