Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Up 984.7% in February

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 78,100 shares, a growth of 984.7% from the January 31st total of 7,200 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 6.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Global X Alternative Income ETF during the fourth quarter valued at approximately $71,000. Bank of America Corp DE increased its position 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 in the last quarter. Wells Fargo & Company MN lifted 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 valued at $244,000 after purchasing an additional 21,043 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Global X Alternative Income ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 27,525 shares of the company’s stock worth $319,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Talon Private Wealth LLC purchased a new position in Global X Alternative Income ETF during the 4th quarter worth $343,000.

Global X Alternative Income ETF Price Performance

Shares of ALTY stock opened at $12.05 on Friday. The stock’s 50-day moving average is $11.84 and its 200 day moving average is $11.88. Global X Alternative Income ETF has a 1-year low of $10.95 and a 1-year high of $12.19. The company has a market cap of $33.98 million, a P/E ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were issued a $0.074 dividend. The ex-dividend date of this dividend was Wednesday, February 5th.

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.