Global X Alternative Income ETF (NASDAQ:ALTY) Stock Short Interest Report for September

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,556 shares, a decrease of 49.7% from the September 15th total of 3,096 shares. Based on an average daily volume of 15,934 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Global X Alternative Income ETF Price Performance

ALTY traded down $0.07 during mid-day trading on Wednesday, hitting $11.66. The stock had a trading volume of 4,596 shares, compared to its average volume of 19,144. The stock’s fifty day simple moving average is $12.11 and its 200-day simple moving average is $12.24. The firm has a market capitalization of $45.26 million, a price-to-earnings ratio of 17.85 and a beta of 0.60. Global X Alternative Income ETF has a 1-year low of $11.65 and a 1-year high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Monday, October 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.2%.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers acquired a new position in shares of Global X Alternative Income ETF during the first quarter worth about $479,000. Envestnet Asset Management Inc. lifted its position in shares of Global X Alternative Income ETF by 17.2% in the second 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 in the last quarter. Bank of America Corp DE boosted its holdings in Global X Alternative Income ETF by 13.9% during the first 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 increased its stake in Global X Alternative Income ETF by 48.0% in the 1st quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after buying an additional 5,061 shares during the last quarter.

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.