Global X Alternative Income ETF (NASDAQ:ALTY) Sees Significant Decline in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 18,494 shares, a drop of 19.5% from the January 29th total of 22,975 shares. Based on an average trading volume of 36,853 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 36,853 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Global X Alternative Income ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock worth $521,000 after buying an additional 1,029 shares in the last quarter. Cetera Investment Advisers raised its holdings in Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock worth $207,000 after acquiring an additional 1,194 shares during the last quarter. Bank of America Corp DE lifted its position in Global X Alternative Income ETF by 60.6% in the 4th quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after acquiring an additional 3,188 shares in the last quarter. Harbour Investments Inc. bought a new position in Global X Alternative Income ETF in the 4th quarter valued at approximately $45,000. Finally, Advisory Services Network LLC purchased a new stake in Global X Alternative Income ETF during the 3rd quarter valued at $61,000.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY opened at $12.40 on Thursday. The firm has a market capitalization of $45.26 million, a P/E ratio of 17.85 and a beta of 0.69. The stock has a 50 day moving average price of $12.26 and a 200-day moving average price of $12.01. Global X Alternative Income ETF has a 52-week low of $10.57 and a 52-week high of $12.58.

Global X Alternative Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th will be paid a $0.0789 dividend. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, March 4th.

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.