Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 66.7% in February

Global X Alternative Income ETF (NASDAQ:ALTY) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 6,153 shares, a decline of 66.7% from the February 12th total of 18,494 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 14,113 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 14,113 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Global X Alternative Income ETF

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Global X Alternative Income ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock valued at $521,000 after purchasing an additional 1,029 shares during the period. Cetera Investment Advisers lifted its position in shares of 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 purchasing an additional 1,194 shares during the period. Bank of America Corp DE lifted its position in shares of 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 worth $98,000 after purchasing an additional 3,188 shares during the period. Harbour Investments Inc. bought a new position in shares of Global X Alternative Income ETF during the fourth quarter valued at approximately $45,000. Finally, Advisory Services Network LLC bought a new position in shares of Global X Alternative Income ETF during the third quarter valued at approximately $61,000.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ ALTY opened at $12.27 on Wednesday. Global X Alternative Income ETF has a 52-week low of $10.57 and a 52-week high of $12.58. The firm has a market capitalization of $44.79 million, a price-to-earnings ratio of 17.85 and a beta of 0.69. The stock has a 50 day moving average price of $12.28 and a 200 day moving average price of $12.03.

Global X Alternative Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be issued a $0.0789 dividend. The ex-dividend date is Wednesday, March 4th. This represents a c) annualized dividend and a dividend yield of 7.7%. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

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.