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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,096 shares, a decline of 84.6% from the August 31st total of 20,141 shares. Based on an average daily volume of 13,218 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ALTY. Cetera Investment Advisers acquired a new stake in shares of Global X Alternative Income ETF in the first quarter valued at about $479,000. Kingsview Wealth Management LLC lifted its position in shares of Global X Alternative Income ETF by 36.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock worth $503,000 after purchasing an additional 11,242 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Global X Alternative Income ETF by 17.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock worth $755,000 after purchasing an additional 8,940 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Global X Alternative Income ETF by 13.9% during the 1st quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock worth $577,000 after purchasing an additional 5,872 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Global X Alternative Income ETF by 48.0% during the 1st quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after purchasing an additional 5,061 shares during the period.

Global X Alternative Income ETF Trading Down 0.6%

Shares of NASDAQ:ALTY opened at $11.91 on Friday. The stock has a market capitalization of $47.28 million, a PE ratio of 17.85 and a beta of 0.59. Global X Alternative Income ETF has a 1 year low of $11.65 and a 1 year high of $12.58. The firm has a fifty day moving average price of $12.28 and a 200 day moving average price of $12.28.

Global X Alternative Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 11th. Shareholders of record on Thursday, September 3rd were given a $0.08 dividend. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.0790. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Thursday, September 3rd.

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.