Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 26.9% in March

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 2,414 shares, a decrease of 26.9% from the March 15th total of 3,301 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,390 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Global X Alternative Income ETF

Several institutional investors and hedge funds have recently modified their holdings of ALTY. Harbour Investments Inc. bought a new position in Global X Alternative Income ETF during the 4th quarter valued at $45,000. Advisory Services Network LLC purchased a new position in Global X Alternative Income ETF during the third quarter worth about $61,000. Kestra Advisory Services LLC purchased a new position in Global X Alternative Income ETF during the fourth quarter worth about $73,000. Bank of America Corp DE boosted its holdings in Global X Alternative Income ETF by 60.6% during the fourth 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 last quarter. Finally, Cetera Investment Advisers boosted its holdings in Global X Alternative Income ETF by 7.2% during the second 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 last quarter.

Global X Alternative Income ETF Price Performance

Shares of ALTY opened at $12.27 on Friday. Global X Alternative Income ETF has a 1 year low of $11.05 and a 1 year high of $12.58. The company has a market capitalization of $44.29 million, a price-to-earnings ratio of 17.85 and a beta of 0.64. The business has a 50-day moving average of $12.25 and a 200-day moving average of $12.08.

Global X Alternative Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, April 6th were given a $0.0783 dividend. The ex-dividend date was Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.