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

Global X Alternative Income ETF (NASDAQ:ALTY) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 22,975 shares, an increase of 121.4% from the January 15th total of 10,379 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 30,662 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 30,662 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of Global X Alternative Income ETF

Large investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in Global X Alternative Income ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock valued at $4,941,000 after buying an additional 21,290 shares during the last quarter. Kingsview Wealth Management LLC grew 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 purchasing an additional 11,242 shares during the last quarter. Harbour Investments Inc. bought a new position in shares of Global X Alternative Income ETF in the fourth quarter worth about $45,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Global X Alternative Income ETF in the fourth quarter worth about $234,000. Finally, Advisory Services Network LLC acquired a new position in shares of Global X Alternative Income ETF during the 3rd quarter worth about $61,000.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ ALTY opened at $12.39 on Thursday. The business’s 50-day simple moving average is $12.11 and its 200-day simple moving average is $11.93. Global X Alternative Income ETF has a 52 week low of $10.57 and a 52 week high of $12.40. The firm has a market cap of $45.22 million, a price-to-earnings ratio of 17.85 and a beta of 0.69.

Global X Alternative Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th were given a $0.077 dividend. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Wednesday, February 4th.

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.