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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 22,975 shares, an increase of 121.4% from the January 15th total of 10,379 shares. Based on an average trading volume of 30,662 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 30,662 shares, the short-interest ratio is presently 0.7 days.

Global X Alternative Income ETF Price Performance

NASDAQ:ALTY opened at $12.39 on Thursday. The firm has a market capitalization of $45.22 million, a P/E ratio of 17.85 and a beta of 0.69. The company’s fifty day moving average price is $12.11 and its 200-day moving average price is $11.93. Global X Alternative Income ETF has a 1-year low of $10.57 and a 1-year high of $12.40.

Global X Alternative Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th were paid a dividend of $0.077 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Wednesday, February 4th. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Institutional Trading of Global X Alternative Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ALTY. Kingswood Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 44,899 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Global X Alternative Income ETF in the 3rd quarter valued at $367,000. LPL Financial LLC lifted its stake in shares of Global X Alternative Income ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after purchasing an additional 21,290 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Global X Alternative Income ETF during the fourth quarter worth $234,000. Finally, Truist Financial Corp grew its position in Global X Alternative Income ETF by 57.0% during 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 during the period.

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.