Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Update

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 27,344 shares, a growth of 1,120.2% from the May 14th total of 2,241 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 12,999 shares, the days-to-cover ratio is currently 2.1 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its holdings in Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock worth $207,000 after buying an additional 1,194 shares in the last quarter. Bank of America Corp DE grew its holdings in 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 worth $98,000 after buying an additional 3,188 shares in the last quarter. Harbour Investments Inc. bought a new position in Global X Alternative Income ETF in the 4th quarter worth approximately $45,000. Private Advisor Group LLC grew its holdings 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 worth $187,000 after buying an additional 5,061 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Global X Alternative Income ETF in the 3rd quarter worth approximately $61,000.

Global X Alternative Income ETF Trading Up 0.1%

Shares of Global X Alternative Income ETF stock opened at $12.24 on Wednesday. The business’s 50 day simple moving average is $12.29 and its 200-day simple moving average is $12.20. The stock has a market capitalization of $43.82 million, a price-to-earnings ratio of 17.85 and a beta of 0.60. Global X Alternative Income ETF has a twelve month low of $11.47 and a twelve month high of $12.58.

Global X Alternative Income ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Wednesday, June 3rd.

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.