Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Update

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 3,301 shares, a drop of 46.4% from the February 26th total of 6,153 shares. Based on an average daily volume of 18,264 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Global X Alternative Income ETF

A number of large investors have recently made changes to their positions in ALTY. Kingswood Wealth Advisors LLC boosted its stake in Global X Alternative Income ETF by 273.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock worth $728,000 after purchasing an additional 44,899 shares during the period. Cetera Investment Advisers grew its position in Global X Alternative Income ETF by 7.2% during 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 in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Global X Alternative Income ETF during the 3rd quarter valued at $367,000. Harbour Investments Inc. acquired a new stake in Global X Alternative Income ETF during the 4th quarter valued at $45,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Global X Alternative Income ETF in the fourth quarter valued at $73,000.

Global X Alternative Income ETF Trading Down 0.7%

Shares of ALTY opened at $11.91 on Friday. The business’s 50-day moving average price is $12.28 and its 200 day moving average price is $12.05. The stock has a market capitalization of $43.47 million, a P/E ratio of 17.85 and a beta of 0.69. Global X Alternative Income ETF has a 1-year low of $10.57 and a 1-year high of $12.58.

Global X Alternative Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were issued a $0.0789 dividend. The ex-dividend date was Wednesday, March 4th. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 7.9%.

About Global X Alternative Income ETF

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.