Global X Alternative Income ETF (NASDAQ:ALTY) Sees Large Decline in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 10,788 shares, a drop of 63.6% from the July 30th total of 29,652 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 19,005 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Global X Alternative Income ETF

Several large investors have recently modified their holdings of ALTY. Harbour Investments Inc. acquired a new position in Global X Alternative Income ETF during the fourth quarter worth about $45,000. Advisory Services Network LLC bought a new position in shares of Global X Alternative Income ETF during the third quarter valued at $61,000. Kestra Advisory Services LLC acquired a new stake in Global X Alternative Income ETF in the fourth quarter valued at $73,000. Bank of America Corp DE grew its position in shares of Global X Alternative Income ETF by 60.6% in the 4th quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after buying an additional 3,188 shares during the last quarter. Finally, Private Advisor Group LLC boosted 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 acquiring an additional 5,061 shares during the last quarter.

Global X Alternative Income ETF Stock Performance

NASDAQ:ALTY traded down $0.05 during mid-day trading on Friday, hitting $12.36. The stock had a trading volume of 10,001 shares, compared to its average volume of 19,674. The company’s 50 day simple moving average is $12.36 and its 200 day simple moving average is $12.31. The stock has a market cap of $45.73 million, a price-to-earnings ratio of 17.85 and a beta of 0.59. Global X Alternative Income ETF has a twelve month low of $11.65 and a twelve month high of $12.58.

Global X Alternative Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.079 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.