Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Decreases By 36.0%

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 29,652 shares, a decrease of 36.0% from the July 15th total of 46,305 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 11,332 shares, the days-to-cover ratio is presently 2.6 days.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY opened at $12.35 on Tuesday. The stock has a market capitalization of $45.70 million, a price-to-earnings ratio of 17.85 and a beta of 0.59. The stock’s 50-day simple moving average is $12.35 and its two-hundred day simple moving average is $12.31. Global X Alternative Income ETF has a 52-week low of $11.65 and a 52-week high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 5th were issued a $0.079 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Wednesday, August 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ALTY. Bank of America Corp DE increased its holdings in shares of Global X Alternative Income ETF by 60.6% in the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after purchasing an additional 3,188 shares during the last quarter. Cetera Investment Advisers increased its stake in 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 acquiring 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 worth approximately $61,000. Harbour Investments Inc. bought a new position in shares of Global X Alternative Income ETF during the 4th quarter valued at approximately $45,000. Finally, Kingsview Wealth Management LLC boosted its position in shares of Global X Alternative Income ETF by 36.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock valued at $503,000 after acquiring an additional 11,242 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.