Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Grows By 669.6%

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 18,579 shares, an increase of 669.6% from the March 31st total of 2,414 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 23,842 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of Global X Alternative Income ETF by 5.4% in the fourth quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after buying an additional 21,290 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Global X Alternative Income ETF by 273.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock valued at $728,000 after buying an additional 44,899 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Global X Alternative Income ETF by 36.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock valued at $503,000 after buying an additional 11,242 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Global X Alternative Income ETF by 27.8% in the third quarter. Bank of America Corp DE now owns 30,837 shares of the company’s stock valued at $366,000 after buying an additional 6,706 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of Global X Alternative Income ETF by 57.0% in the third quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock valued at $326,000 after buying an additional 9,973 shares in the last quarter.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ ALTY opened at $12.38 on Friday. The stock has a market cap of $44.44 million, a PE ratio of 17.85 and a beta of 0.64. The business has a fifty day moving average of $12.25 and a two-hundred day moving average of $12.10. Global X Alternative Income ETF has a 52-week low of $11.27 and a 52-week high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, April 6th were issued a dividend of $0.0783 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

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.