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

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

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALTY. Harbour Investments Inc. purchased a new stake in shares of Global X Alternative Income ETF during the fourth quarter worth about $45,000. Advisory Services Network LLC purchased a new position in Global X Alternative Income ETF in the third quarter valued at about $61,000. Kestra Advisory Services LLC acquired a new stake in Global X Alternative Income ETF during the 4th quarter valued at approximately $73,000. Bank of America Corp DE increased its holdings in Global X Alternative Income ETF by 60.6% during 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 increased its holdings in Global X Alternative Income ETF by 48.0% during the 1st quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock worth $187,000 after purchasing an additional 5,061 shares during the last quarter.

Global X Alternative Income ETF Stock Up 0.1%

Shares of ALTY traded up $0.01 during mid-day trading on Friday, reaching $12.42. 3,398 shares of the stock traded hands, compared to its average volume of 19,634. The stock has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $12.31. Global X Alternative Income ETF has a 12-month low of $11.65 and a 12-month high of $12.58. The firm has a market cap of $45.95 million, a price-to-earnings ratio of 17.85 and a beta of 0.59.

Global X Alternative Income ETF Dividend Announcement

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

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.