Global X Alternative Income ETF (NASDAQ:ALTY) Shares Down 0.1% – Should You Sell?

Global X Alternative Income ETF (NASDAQ:ALTY) dropped 0.1% on Monday . The company traded as low as $11.87 and last traded at $11.87. Approximately 15,584 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 16,539 shares. The stock had previously closed at $11.88.

Global X Alternative Income ETF Stock Performance

The business has a 50 day moving average price of $11.71 and a two-hundred day moving average price of $11.56. The stock has a market cap of $37.39 million, a PE ratio of 17.85 and a beta of 0.99.

Global X Alternative Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, September 4th were paid a $0.074 dividend. The ex-dividend date was Thursday, September 4th. This represents a c) annualized dividend and a yield of 7.5%.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several institutional investors have recently bought and sold shares of ALTY. SBI Securities Co. Ltd. lifted its stake in Global X Alternative Income ETF by 19.1% in the first quarter. SBI Securities Co. Ltd. now owns 7,244 shares of the company’s stock valued at $85,000 after purchasing an additional 1,160 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 valued at $98,000 after purchasing an additional 3,188 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Global X Alternative Income ETF in the second quarter valued at approximately $192,000. Cetera Investment Advisers lifted its stake in Global X Alternative Income ETF by 46.6% in the first quarter. Cetera Investment Advisers now owns 16,589 shares of the company’s stock valued at $194,000 after purchasing an additional 5,277 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Global X Alternative Income ETF by 14.8% in the second quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock valued at $204,000 after purchasing an additional 2,252 shares during the last quarter.

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.