Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Decreases By 72.8%

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 7,628 shares, a decrease of 72.8% from the June 15th total of 28,071 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 12,082 shares, the short-interest ratio is currently 0.6 days.

Global X Alternative Income ETF Stock Up 0.2%

ALTY stock traded up $0.03 during mid-day trading on Friday, reaching $12.39. 11,906 shares of the company traded hands, compared to its average volume of 18,476. The firm’s 50 day moving average price is $12.34 and its 200 day moving average price is $12.26. The stock has a market cap of $45.47 million, a price-to-earnings ratio of 17.85 and a beta of 0.59. Global X Alternative Income ETF has a fifty-two week low of $11.56 and a fifty-two week high of $12.58.

Global X Alternative Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 13th. Shareholders of record on Monday, July 6th will be given a dividend of $0.079 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after buying an additional 3,188 shares during the last quarter. Cetera Investment Advisers boosted its stake in Global X Alternative Income ETF by 7.2% in the second quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after acquiring an additional 1,194 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Global X Alternative Income ETF during the 3rd quarter valued at approximately $61,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Global X Alternative Income ETF during the 4th quarter valued at approximately $234,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Global X Alternative Income ETF during the 4th quarter worth approximately $45,000.

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.