Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 76.6% in October

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,100 shares, a decrease of 76.6% from the October 15th total of 4,700 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is presently 0.1 days.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY opened at $11.99 on Wednesday. The company has a market cap of $34.53 million, a P/E ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a one year low of $10.63 and a one year high of $12.12. The business’s 50-day simple moving average is $11.93 and its 200 day simple moving average is $11.62.

Global X Alternative Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be paid a $0.073 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.31%.

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.