Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Declines By 36.0%

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 29,652 shares, a drop of 36.0% from the July 15th total of 46,305 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 11,332 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in shares of 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 worth $4,941,000 after acquiring an additional 21,290 shares during the period. Bank of America Corp DE lifted 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 purchasing an additional 5,872 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Global X Alternative Income ETF by 36.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock worth $503,000 after purchasing an additional 11,242 shares during the last quarter. Cetera Investment Advisers bought a new stake in Global X Alternative Income ETF in the 1st quarter worth approximately $479,000. Finally, Private Advisor Group LLC raised its stake in Global X Alternative Income ETF by 48.0% during the 1st quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after buying an additional 5,061 shares during the last quarter.

Global X Alternative Income ETF Price Performance

ALTY stock opened at $12.35 on Tuesday. The stock has a market capitalization of $45.70 million, a P/E ratio of 17.85 and a beta of 0.59. Global X Alternative Income ETF has a 1-year low of $11.65 and a 1-year high of $12.58. The business has a fifty day moving average price of $12.35 and a 200-day moving average price of $12.31.

Global X Alternative Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 5th were given a $0.079 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a c) dividend on an annualized basis 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.