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

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 27,344 shares, an increase of 1,120.2% from the May 14th total of 2,241 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 12,999 shares, the days-to-cover ratio is currently 2.1 days.

Global X Alternative Income ETF Price Performance

ALTY stock traded up $0.01 during trading on Tuesday, hitting $12.24. 24,106 shares of the company traded hands, compared to its average volume of 19,443. The stock’s 50-day simple moving average is $12.29 and its 200 day simple moving average is $12.20. The company has a market cap of $43.82 million, a PE ratio of 17.85 and a beta of 0.60. Global X Alternative Income ETF has a 1 year low of $11.47 and a 1 year high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.079 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Wednesday, June 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Global X Alternative Income ETF by 13.9% during the first quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock valued at $577,000 after acquiring an additional 5,872 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Global X Alternative Income ETF in the first quarter valued at approximately $479,000. Private Advisor Group LLC grew its holdings in Global X Alternative Income ETF by 48.0% in 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 period. Kestra Advisory Services LLC acquired a new stake in Global X Alternative Income ETF in the fourth quarter valued at approximately $73,000. Finally, LPL Financial LLC grew its holdings in Global X Alternative Income ETF by 5.4% in 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.

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.