Global X Alternative Income ETF (NASDAQ:ALTY) Stock Short Interest Declines 49.7%

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,556 shares, a decline of 49.7% from the September 15th total of 3,096 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 15,934 shares, the days-to-cover ratio is presently 0.1 days.

Global X Alternative Income ETF Price Performance

Shares of ALTY opened at $11.73 on Friday. The business has a 50-day moving average of $12.09 and a 200-day moving average of $12.24. The company has a market capitalization of $45.40 million, a price-to-earnings ratio of 17.85 and a beta of 0.60. Global X Alternative Income ETF has a 1 year low of $11.65 and a 1 year high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Monday, October 5th were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Monday, October 5th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALTY. Mezzasalma Advisors LLC acquired a new position in shares of Global X Alternative Income ETF during the 3rd quarter valued at $1,217,000. Private Advisor Group LLC boosted its stake in Global X Alternative Income ETF by 48.0% during the first quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock worth $187,000 after acquiring an additional 5,061 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Global X Alternative Income ETF in the first quarter worth $479,000. Bank of America Corp DE grew its holdings in Global X Alternative Income ETF by 13.9% in the first quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock worth $577,000 after purchasing an additional 5,872 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Global X Alternative Income ETF by 17.2% in the second quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock worth $755,000 after purchasing an additional 8,940 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.