Global X Alternative Income ETF (NASDAQ:ALTY) Sees Large Increase in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 20,141 shares, an increase of 86.7% from the August 15th total of 10,788 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,142 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

Several hedge funds have recently bought and sold shares of ALTY. Harbour Investments Inc. acquired a new position in Global X Alternative Income ETF during the fourth quarter worth $45,000. Private Advisor Group LLC grew its holdings in Global X Alternative Income ETF by 48.0% in the first quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after purchasing an additional 5,061 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Global X Alternative Income ETF in the first quarter valued at $479,000. Kingsview Wealth Management LLC increased its position in shares of Global X Alternative Income ETF by 36.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 42,159 shares of the company’s stock valued at $503,000 after buying an additional 11,242 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Global X Alternative Income ETF by 13.9% in the first quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock valued at $577,000 after buying an additional 5,872 shares in the last quarter.

Global X Alternative Income ETF Trading Down 0.2%

Shares of ALTY opened at $12.01 on Thursday. Global X Alternative Income ETF has a twelve month low of $11.65 and a twelve month high of $12.58. The firm has a market capitalization of $36.99 million, a P/E ratio of 17.85 and a beta of 0.59. The firm’s 50-day moving average is $12.32 and its two-hundred day moving average is $12.29.

Global X Alternative Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 11th. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.08 per share. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 8.0%.

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.