Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Rises By 172.7%

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,000 shares, a growth of 172.7% from the October 31st total of 1,100 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 0.3 days.

Global X Alternative Income ETF Stock Performance

Shares of ALTY opened at $12.13 on Friday. The business’s fifty day moving average price is $11.97 and its two-hundred day moving average price is $11.69. The firm has a market capitalization of $34.93 million, a price-to-earnings ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a 52 week low of $10.95 and a 52 week high of $12.19.

Global X Alternative Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a $0.073 dividend. This represents a $0.88 annualized dividend and a yield of 7.22%. The ex-dividend date was Tuesday, November 5th.

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.