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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 78,100 shares, an increase of 984.7% from the January 31st total of 7,200 shares. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 6.7 days.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY traded down $0.03 on Thursday, hitting $11.98. 3,168 shares of the company’s stock were exchanged, compared to its average volume of 12,361. Global X Alternative Income ETF has a 1-year low of $10.95 and a 1-year high of $12.19. The company has a market capitalization of $33.78 million, a PE ratio of 15.21 and a beta of 0.99. The firm’s 50-day moving average is $11.83 and its 200 day moving average is $11.87.

Global X Alternative Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, February 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in Global X Alternative Income ETF in the fourth quarter valued at approximately $71,000. Bank of America Corp DE increased its position in Global X Alternative Income ETF by 60.6% during the 4th quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after purchasing an additional 3,188 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Global X Alternative Income ETF by 2,104,300.0% in the 4th quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock valued at $244,000 after buying an additional 21,043 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Global X Alternative Income ETF by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 27,525 shares of the company’s stock valued at $319,000 after buying an additional 1,000 shares in the last quarter. Finally, Talon Private Wealth LLC purchased a new position in Global X Alternative Income ETF in the fourth quarter worth $343,000.

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.