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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 46,305 shares, a growth of 507.0% from the June 30th total of 7,628 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 21,647 shares, the short-interest ratio is currently 2.1 days.

Global X Alternative Income ETF Price Performance

NASDAQ ALTY traded up $0.02 during trading on Friday, hitting $12.37. 10,136 shares of the company’s stock traded hands, compared to its average volume of 18,423. The stock has a fifty day moving average of $12.35 and a two-hundred day moving average of $12.29. Global X Alternative Income ETF has a 12-month low of $11.65 and a 12-month high of $12.58. The firm has a market cap of $45.77 million, a P/E ratio of 17.85 and a beta of 0.59.

Global X Alternative Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 13th. Investors of record on Monday, July 6th were issued a dividend of $0.079 per share. The ex-dividend date was Monday, July 6th. This represents a c) annualized dividend and a yield of 7.7%.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Global X Alternative Income ETF during the fourth quarter valued at approximately $73,000. LPL Financial LLC grew its holdings 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 purchasing an additional 21,290 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Global X Alternative Income ETF in the third quarter worth approximately $61,000. Bank of America Corp DE increased its stake in shares of Global X Alternative Income ETF by 27.8% in the third quarter. Bank of America Corp DE now owns 30,837 shares of the company’s stock worth $366,000 after buying an additional 6,706 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of 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 worth $207,000 after buying an additional 1,194 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.