Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 46.4% in March

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 3,301 shares, a decline of 46.4% from the February 26th total of 6,153 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 18,264 shares, the days-to-cover ratio is presently 0.2 days.

Global X Alternative Income ETF Price Performance

NASDAQ:ALTY opened at $11.91 on Friday. The firm has a 50 day simple moving average of $12.28 and a 200-day simple moving average of $12.06. The firm has a market cap of $43.47 million, a PE ratio of 17.85 and a beta of 0.69. Global X Alternative Income ETF has a 1-year low of $10.57 and a 1-year high of $12.58.

Global X Alternative Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were paid a $0.0789 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Wednesday, March 4th. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of 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 last quarter. Cetera Investment Advisers increased its stake in Global X Alternative Income ETF by 7.2% in the second quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after purchasing an additional 1,194 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in Global X Alternative Income ETF by 273.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock valued at $728,000 after purchasing an additional 44,899 shares during the last quarter. Truist Financial Corp lifted its position in Global X Alternative Income ETF by 57.0% during the third quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock worth $326,000 after buying an additional 9,973 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in Global X Alternative Income ETF during the third quarter worth about $367,000.

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.