Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 26.9% in March

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,414 shares, a decrease of 26.9% from the March 15th total of 3,301 shares. Based on an average daily volume of 13,390 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Global X Alternative Income ETF by 5.4% during the fourth quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after purchasing an additional 21,290 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in Global X Alternative Income ETF by 273.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock valued at $728,000 after purchasing an additional 44,899 shares during the period. Kingsview Wealth Management LLC grew its holdings in Global X Alternative Income ETF by 36.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock valued at $503,000 after purchasing an additional 11,242 shares during the period. Bank of America Corp DE grew its holdings in Global X Alternative Income ETF by 27.8% during the third quarter. Bank of America Corp DE now owns 30,837 shares of the company’s stock valued at $366,000 after purchasing an additional 6,706 shares during the period. Finally, Truist Financial Corp grew its holdings in Global X Alternative Income ETF by 57.0% during the third quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock valued at $326,000 after purchasing an additional 9,973 shares during the period.

Global X Alternative Income ETF Trading Up 0.1%

Shares of NASDAQ ALTY opened at $12.29 on Thursday. The stock has a fifty day simple moving average of $12.25 and a two-hundred day simple moving average of $12.08. Global X Alternative Income ETF has a 1-year low of $11.05 and a 1-year high of $12.58. The firm has a market cap of $44.37 million, a price-to-earnings ratio of 17.85 and a beta of 0.64.

Global X Alternative Income ETF Announces Dividend

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

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.