Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Decreases By 66.8%

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 27,900 shares, a drop of 66.8% from the February 28th total of 84,100 shares. Based on an average daily trading volume, of 14,800 shares, the short-interest ratio is currently 1.9 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X Alternative Income ETF

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

Global X Alternative Income ETF Stock Performance

Global X Alternative Income ETF stock opened at $11.77 on Friday. The stock has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $11.89. The company has a market capitalization of $33.19 million, a P/E ratio of 19.52 and a beta of 0.99. Global X Alternative Income ETF has a fifty-two week low of $10.95 and a fifty-two week high of $12.19.

Global X Alternative Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a yield of 7.54%.

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.