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

Global X Alternative Income ETF (NASDAQ:ALTYGet Rating) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 15,400 shares, a growth of 170.2% from the March 31st total of 5,700 shares. Based on an average trading volume of 25,600 shares, the short-interest ratio is presently 0.6 days.

ALTY opened at $12.36 on Thursday. The company has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $13.09. Global X Alternative Income ETF has a 52 week low of $12.05 and a 52 week high of $13.92.

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 13th. Shareholders of record on Wednesday, April 6th were issued a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Tuesday, April 5th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Founders Financial Alliance LLC grew its holdings in Global X Alternative Income ETF by 26.5% during the 3rd quarter. Founders Financial Alliance LLC now owns 9,281 shares of the company’s stock worth $124,000 after acquiring an additional 1,945 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Global X Alternative Income ETF in the 3rd quarter valued at $133,000. Regal Investment Advisors LLC increased its position in shares of Global X Alternative Income ETF by 5.8% in the 4th quarter. Regal Investment Advisors LLC now owns 30,335 shares of the company’s stock valued at $407,000 after buying an additional 1,653 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Global X Alternative Income ETF by 67.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 37,938 shares of the company’s stock valued at $506,000 after buying an additional 15,262 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Global X Alternative Income ETF by 12.1% in the 3rd quarter. LPL Financial LLC now owns 53,673 shares of the company’s stock valued at $715,000 after buying an additional 5,780 shares in the last quarter.

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