Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Update

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,418 shares, a drop of 70.8% from the April 15th total of 18,579 shares. Based on an average daily volume of 17,018 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Global X Alternative Income ETF Stock Down 0.9%

Shares of Global X Alternative Income ETF stock traded down $0.11 on Friday, reaching $12.27. The company’s stock had a trading volume of 625 shares, compared to its average volume of 20,687. Global X Alternative Income ETF has a 52 week low of $11.27 and a 52 week high of $12.58. The firm’s fifty day simple moving average is $12.23 and its two-hundred day simple moving average is $12.15. The company has a market capitalization of $43.93 million, a price-to-earnings ratio of 17.85 and a beta of 0.61.

Global X Alternative Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, May 5th were issued a $0.079 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date was Tuesday, May 5th. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ALTY. Cetera Investment Advisers purchased a new stake in shares of Global X Alternative Income ETF during the 1st quarter valued at about $479,000. Private Advisor Group LLC raised its holdings in shares of 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 valued at $187,000 after purchasing an additional 5,061 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Global X Alternative Income ETF during the fourth quarter valued at approximately $73,000. LPL Financial LLC lifted its position in Global X Alternative Income ETF by 5.4% during the fourth quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after purchasing an additional 21,290 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in Global X Alternative Income ETF by 36.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock worth $503,000 after purchasing an additional 11,242 shares during 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.