Global X Alternative Income ETF (NASDAQ:ALTY) Sees Significant Growth in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 46,305 shares, an increase of 507.0% from the June 30th total of 7,628 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 21,647 shares, the days-to-cover ratio is currently 2.1 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers bought a new stake in shares of Global X Alternative Income ETF in the 1st quarter valued at about $479,000. LPL Financial LLC boosted its holdings in shares of Global X Alternative Income ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after acquiring an additional 21,290 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Global X Alternative Income ETF during the 4th quarter worth about $234,000. Kingsview Wealth Management LLC grew its holdings in Global X Alternative Income ETF by 36.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock worth $503,000 after acquiring an additional 11,242 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Global X Alternative Income ETF by 54.0% during the 2nd quarter. Bank of America Corp DE now owns 24,131 shares of the company’s stock worth $281,000 after purchasing an additional 8,457 shares during the period.

Global X Alternative Income ETF Stock Performance

NASDAQ ALTY traded up $0.02 on Friday, hitting $12.37. 10,136 shares of the stock were exchanged, compared to its average volume of 18,423. The stock has a fifty day moving average price of $12.35 and a two-hundred day moving average price of $12.29. The firm has a market capitalization of $45.77 million, a P/E ratio of 17.85 and a beta of 0.59. Global X Alternative Income ETF has a 52-week low of $11.65 and a 52-week high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, July 13th. Shareholders of record on Monday, July 6th were paid a $0.079 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a c) annualized dividend and a yield of 7.7%.

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.