Global X Alternative Income ETF (NASDAQ:ALTY) Sees Large Increase in Short Interest

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

Global X Alternative Income ETF Trading Up 0.2%

Shares of Global X Alternative Income ETF stock traded up $0.02 during trading on Friday, reaching $12.38. The company’s stock had a trading volume of 12,898 shares, compared to its average volume of 22,719. The firm has a market cap of $44.44 million, a PE ratio of 17.85 and a beta of 0.64. The company has a 50-day moving average price of $12.25 and a two-hundred day moving average price of $12.10. Global X Alternative Income ETF has a fifty-two week low of $11.27 and a fifty-two week high of $12.58.

Global X Alternative Income ETF Dividend Announcement

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

Hedge Funds Weigh In On Global X Alternative Income ETF

Several institutional investors have recently bought and sold shares of ALTY. Harbour Investments Inc. acquired a new position in Global X Alternative Income ETF in the 4th quarter valued at $45,000. Advisory Services Network LLC acquired a new position in Global X Alternative Income ETF in the 3rd quarter valued at $61,000. Kestra Advisory Services LLC acquired a new position in Global X Alternative Income ETF in the 4th quarter valued at $73,000. Bank of America Corp DE increased its stake in 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 valued at $98,000 after buying an additional 3,188 shares during the period. Finally, Cetera Investment Advisers increased its stake in 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 valued at $207,000 after buying an additional 1,194 shares during the period.

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.