Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Decreases By 16.3%

Global X Alternative Income ETF (NASDAQ:ALTY) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 76,022 shares, a decrease of 16.3% from the November 30th total of 90,814 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 25,068 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 25,068 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.4% of the shares of the company are short sold.

Global X Alternative Income ETF Price Performance

Shares of NASDAQ:ALTY opened at $11.93 on Friday. The company has a market capitalization of $38.30 million, a P/E ratio of 17.85 and a beta of 0.69. Global X Alternative Income ETF has a 1-year low of $10.57 and a 1-year high of $12.08. The firm’s 50 day simple moving average is $11.95 and its two-hundred day simple moving average is $11.81.

Global X Alternative Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.075 per share. The ex-dividend date is Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Investors Weigh In On Global X Alternative Income ETF

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of Global X Alternative Income ETF by 60.6% in the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after acquiring an additional 3,188 shares in the last quarter. Truist Financial Corp raised its stake in Global X Alternative Income ETF by 14.8% during the 2nd quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock valued at $204,000 after purchasing an additional 2,252 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Global X Alternative Income ETF in the 2nd quarter worth approximately $192,000. Envestnet Asset Management Inc. boosted its stake in Global X Alternative Income ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock worth $521,000 after purchasing an additional 1,029 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock worth $207,000 after purchasing an additional 1,194 shares during the period.

About Global X Alternative Income ETF

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.