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

Global X Alternative Income ETF (NASDAQ:ALTY) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,241 shares, a decline of 58.6% from the April 30th total of 5,418 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 10,156 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of large investors have recently made changes to their positions in ALTY. Cetera Investment Advisers lifted its holdings in Global X Alternative Income ETF by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after buying an additional 1,194 shares in the last quarter. Bank of America Corp DE lifted its holdings in Global X Alternative Income ETF by 60.6% during the 4th quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after buying an additional 3,188 shares in the last quarter. Harbour Investments Inc. bought a new stake in Global X Alternative Income ETF during the 4th quarter valued at about $45,000. Private Advisor Group LLC lifted its holdings 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 in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Global X Alternative Income ETF during the 3rd quarter valued at about $61,000.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY traded down $0.02 on Monday, reaching $12.35. The company’s stock had a trading volume of 9,408 shares, compared to its average volume of 19,996. Global X Alternative Income ETF has a 52-week low of $11.41 and a 52-week high of $12.58. The company has a market cap of $44.21 million, a P/E ratio of 17.85 and a beta of 0.61. The company has a 50-day simple moving average of $12.25 and a 200 day simple moving average of $12.18.

Global X Alternative Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, May 5th were paid a $0.079 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

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.