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

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 78,100 shares, an increase of 984.7% from the January 31st total of 7,200 shares. Based on an average trading volume of 11,700 shares, the short-interest ratio is presently 6.7 days.

Institutional Investors Weigh In On Global X Alternative Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Global X Alternative Income ETF during the fourth quarter worth about $71,000. Bank of America Corp DE raised its stake in Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after purchasing an additional 3,188 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Global X Alternative Income ETF by 2,104,300.0% in the 4th quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock valued at $244,000 after purchasing an additional 21,043 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 worth $319,000 after buying an additional 1,000 shares during the period. Finally, Talon Private Wealth LLC purchased a new stake in Global X Alternative Income ETF during the fourth quarter valued at about $343,000.

Global X Alternative Income ETF Stock Performance

ALTY stock traded down $0.03 during midday trading on Thursday, hitting $11.98. 3,168 shares of the stock were exchanged, compared to its average volume of 12,361. The stock’s 50-day moving average price is $11.83 and its 200-day moving average price is $11.87. The stock has a market cap of $33.78 million, a price-to-earnings ratio of 15.21 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 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, February 5th.

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.