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

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 27,900 shares, a decrease of 66.8% from the February 28th total of 84,100 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 1.9 days.

Global X Alternative Income ETF Stock Down 0.6 %

ALTY opened at $11.70 on Friday. Global X Alternative Income ETF has a 52 week low of $10.95 and a 52 week high of $12.19. The business has a fifty day simple moving average of $11.87 and a 200-day simple moving average of $11.89. The firm has a market cap of $32.99 million, a P/E ratio of 19.52 and a beta of 0.99.

Global X Alternative Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.074 per share. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.89 annualized dividend and a yield of 7.59%.

Hedge Funds Weigh In On Global X Alternative Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Global X Alternative Income ETF during the fourth quarter worth about $71,000. Bank of America Corp DE grew its holdings in shares of Global X Alternative Income ETF by 60.6% in the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock valued at $98,000 after purchasing an additional 3,188 shares in the last quarter. GTS Securities LLC purchased a new stake in Global X Alternative Income ETF during the 4th quarter worth approximately $357,000. Wells Fargo & Company MN lifted its holdings in Global X Alternative Income ETF by 2,104,300.0% during the 4th quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock worth $244,000 after buying an additional 21,043 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Global X Alternative Income ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 27,525 shares of the company’s stock valued at $319,000 after buying an additional 1,000 shares during the period.

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.