Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 90.0% in October

Global X Alternative Income ETF (NASDAQ:ALTY) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 300 shares, a decrease of 90.0% from the October 15th total of 3,000 shares. Based on an average daily trading volume, of 12,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Global X Alternative Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of ALTY. Triumph Capital Management increased its holdings in shares of Global X Alternative Income ETF by 1.6% in the 3rd quarter. Triumph Capital Management now owns 66,273 shares of the company’s stock worth $713,000 after buying an additional 1,042 shares during the last quarter. Eudaimonia Partners LLC boosted its stake in shares of Global X Alternative Income ETF by 11.2% during the 3rd quarter. Eudaimonia Partners LLC now owns 58,179 shares of the company’s stock valued at $626,000 after purchasing an additional 5,840 shares in the last quarter. Eudaimonia Advisors LLC boosted its stake in shares of Global X Alternative Income ETF by 13.9% during the 3rd quarter. Eudaimonia Advisors LLC now owns 53,265 shares of the company’s stock valued at $573,000 after purchasing an additional 6,496 shares in the last quarter. Imprint Wealth LLC bought a new stake in shares of Global X Alternative Income ETF during the 2nd quarter valued at about $6,664,000. Finally, GTS Securities LLC bought a new stake in shares of Global X Alternative Income ETF during the 2nd quarter valued at about $186,000.

Global X Alternative Income ETF Trading Up 0.5 %

Shares of ALTY stock opened at $10.66 on Friday. The stock has a market capitalization of $34.01 million, a P/E ratio of 12.44 and a beta of 0.99. The firm’s 50 day moving average is $10.71 and its 200 day moving average is $11.03. Global X Alternative Income ETF has a 12 month low of $10.31 and a 12 month high of $12.00.

Global X Alternative Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be paid a $0.0672 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This is a boost from Global X Alternative Income ETF’s previous monthly dividend of $0.07. This represents a $0.81 annualized dividend and a yield of 7.56%.

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.