Global X Alternative Income ETF (NASDAQ:ALTY) Sees Large Increase in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY – Get Rating) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 61,000 shares, a growth of 112.5% from the May 15th total of 28,700 shares. Based on an average daily trading volume, of 22,800 shares, the short-interest ratio is currently 2.7 days.

Shares of ALTY stock opened at $11.87 on Friday. Global X Alternative Income ETF has a 1 year low of $11.68 and a 1 year high of $13.92. The stock’s 50 day simple moving average is $12.33 and its two-hundred day simple moving average is $12.77.

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 13th. Shareholders of record on Monday, June 6th will be given a dividend of $0.071 per share. The ex-dividend date is Friday, June 3rd. This represents a $0.85 dividend on an annualized basis and a yield of 7.18%.

Hedge funds have recently modified their holdings of the business. Founders Financial Alliance LLC raised its position in Global X Alternative Income ETF by 12.3% during the first quarter. Founders Financial Alliance LLC now owns 11,279 shares of the company’s stock valued at $147,000 after purchasing an additional 1,232 shares during the period. Eudaimonia Partners LLC purchased a new stake in Global X Alternative Income ETF during the first quarter valued at approximately $163,000. Truadvice LLC purchased a new stake in Global X Alternative Income ETF during the first quarter valued at approximately $249,000. Commonwealth Equity Services LLC raised its position in Global X Alternative Income ETF by 192.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,357 shares of the company’s stock valued at $393,000 after purchasing an additional 19,302 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Global X Alternative Income ETF during the first quarter valued at approximately $397,000.

Further Reading