Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Update

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

Global X Alternative Income ETF Stock Performance

Global X Alternative Income ETF stock traded up $0.03 during mid-day trading on Friday, reaching $12.39. The company’s stock had a trading volume of 11,906 shares, compared to its average volume of 18,476. The firm’s fifty day moving average price is $12.34 and its two-hundred day moving average price is $12.26. Global X Alternative Income ETF has a 12-month low of $11.56 and a 12-month high of $12.58. The company has a market capitalization of $45.47 million, a P/E ratio of 17.85 and a beta of 0.59.

Global X Alternative Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 13th. Investors of record on Monday, July 6th will be paid 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 yield of 7.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position 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 valued at $98,000 after purchasing an additional 3,188 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of 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 buying an additional 1,194 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Global X Alternative Income ETF during the 3rd quarter valued at $61,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Global X Alternative Income ETF during the 4th quarter valued at $234,000. Finally, Harbour Investments Inc. bought a new stake in shares of Global X Alternative Income ETF during the 4th quarter worth $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.