Global X Alternative Income ETF (NASDAQ:ALTY) Shares Shorted: Short Interest Up 813.0% in October

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 14,207 shares, a growth of 813.0% from the September 30th total of 1,556 shares. Based on an average daily volume of 20,084 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are short sold.

Global X Alternative Income ETF Stock Performance

Shares of ALTY traded down $0.04 during mid-day trading on Wednesday, hitting $11.74. 13,400 shares of the stock were exchanged, compared to its average volume of 18,888. The firm has a 50-day moving average of $11.99 and a two-hundred day moving average of $12.22. Global X Alternative Income ETF has a 52-week low of $11.60 and a 52-week high of $12.58. The company has a market cap of $45.43 million, a PE ratio of 17.85 and a beta of 0.60.

Global X Alternative Income ETF Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, October 5th. This represents a $0.96 dividend on an annualized basis and a yield of 8.2%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mezzasalma Advisors LLC purchased a new position in Global X Alternative Income ETF in the 3rd quarter worth about $1,217,000. Envestnet Asset Management Inc. boosted its position in Global X Alternative Income ETF by 17.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock valued at $755,000 after acquiring an additional 8,940 shares in the last quarter. Bank of America Corp DE raised its position in shares of Global X Alternative Income ETF by 13.9% in the 1st quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock worth $577,000 after acquiring an additional 5,872 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Global X Alternative Income ETF in the 1st quarter worth $479,000. Finally, Private Advisor Group LLC lifted its stake in shares of 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 worth $187,000 after purchasing an additional 5,061 shares during the last quarter.

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.