Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Up 25.8% in March

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 35,100 shares, a growth of 25.8% from the March 15th total of 27,900 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 17,100 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of Global X Alternative Income ETF

A number of hedge funds have recently made changes to their positions in ALTY. GTS Securities LLC acquired a new position in shares of Global X Alternative Income ETF during the 4th quarter worth approximately $357,000. Talon Private Wealth LLC bought a new position in shares of Global X Alternative Income ETF in the fourth quarter valued at about $343,000. Envestnet Asset Management Inc. lifted its stake in shares of Global X Alternative Income ETF by 3.8% during 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 last quarter. Wells Fargo & Company MN boosted its holdings in shares of 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 during the period. Finally, Bank of America Corp DE grew its stake 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 valued at $98,000 after buying an additional 3,188 shares during the last quarter.

Global X Alternative Income ETF Price Performance

Global X Alternative Income ETF stock opened at $11.26 on Monday. The company’s 50-day moving average is $11.63 and its 200-day moving average is $11.79. The firm has a market capitalization of $31.53 million, a PE ratio of 18.15 and a beta of 0.99. Global X Alternative Income ETF has a fifty-two week low of $10.57 and a fifty-two week high of $12.19.

Global X Alternative Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.074 per share. This represents a $0.89 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date of this dividend was Thursday, April 3rd.

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.