Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 43.7% in May

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 34,300 shares, a decrease of 43.7% from the April 30th total of 60,900 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 17,400 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Global X Alternative Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Global X Alternative Income ETF in the 4th quarter valued at about $71,000. Bank of America Corp DE boosted its holdings in shares of Global X Alternative Income ETF by 60.6% in the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after acquiring an additional 3,188 shares during the period. Cetera Investment Advisers grew its position in shares of Global X Alternative Income ETF by 46.6% during the first quarter. Cetera Investment Advisers now owns 16,589 shares of the company’s stock worth $194,000 after acquiring an additional 5,277 shares during the last quarter. Wells Fargo & Company MN increased 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 acquiring an additional 21,043 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Global X Alternative Income ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 27,525 shares of the company’s stock valued at $319,000 after purchasing an additional 1,000 shares during the last quarter.

Global X Alternative Income ETF Trading Up 0.1%

Shares of NASDAQ:ALTY opened at $11.47 on Monday. The firm has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.68. Global X Alternative Income ETF has a twelve month low of $10.57 and a twelve month high of $12.19. The company has a market capitalization of $32.10 million, a PE ratio of 19.61 and a beta of 0.99.

Global X Alternative Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were issued a dividend of $0.074 per share. This represents a $0.89 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend was Monday, May 5th.

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.