Global X Alternative Income ETF (NASDAQ:ALTY) Sees Significant Growth in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 21,300 shares, a growth of 187.8% from the August 31st total of 7,400 shares. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 1.2 days.

Global X Alternative Income ETF Price Performance

Shares of NASDAQ:ALTY opened at $11.91 on Friday. Global X Alternative Income ETF has a 1 year low of $10.57 and a 1 year high of $12.19. The firm has a market capitalization of $37.52 million, a price-to-earnings ratio of 17.85 and a beta of 0.99. The business’s 50 day moving average price is $11.77 and its 200-day moving average price is $11.58.

Global X Alternative Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, September 4th were given a dividend of $0.074 per share. The ex-dividend date was Thursday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in shares of Global X Alternative Income ETF by 58.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,674 shares of the company’s stock valued at $511,000 after buying an additional 16,149 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Global X Alternative Income ETF by 46.6% in the 1st quarter. Cetera Investment Advisers now owns 16,589 shares of the company’s stock valued at $194,000 after purchasing an additional 5,277 shares in the last quarter. LPL Financial LLC lifted its holdings in Global X Alternative Income ETF by 11.7% in the 1st quarter. LPL Financial LLC now owns 403,493 shares of the company’s stock valued at $4,725,000 after purchasing an additional 42,152 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Global X Alternative Income ETF by 19.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 7,244 shares of the company’s stock valued at $85,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Global X Alternative Income ETF by 54.0% in the 2nd quarter. Bank of America Corp DE now owns 24,131 shares of the company’s stock valued at $281,000 after purchasing an additional 8,457 shares in the last quarter.

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.