Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Expands By 984.7%

Global X Alternative Income ETF (NASDAQ:ALTY) saw 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 trading volume of 11,700 shares, the short-interest ratio is presently 6.7 days.

Global X Alternative Income ETF Stock Down 0.7 %

NASDAQ ALTY opened at $11.92 on Friday. The business’s fifty day moving average is $11.83 and its 200 day moving average is $11.88. Global X Alternative Income ETF has a twelve month low of $10.95 and a twelve month high of $12.19. The company has a market cap of $33.62 million, a price-to-earnings ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, February 5th.

Institutional Trading of Global X Alternative Income ETF

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in Global X Alternative Income ETF in the fourth quarter valued at approximately $71,000. Wells Fargo & Company MN grew its holdings in Global X Alternative Income ETF by 2,104,300.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock worth $244,000 after purchasing an additional 21,043 shares during the period. Envestnet Asset Management Inc. grew its stake 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 valued at $319,000 after buying an additional 1,000 shares during the period. Talon Private Wealth LLC acquired a new position in Global X Alternative Income ETF during the 4th quarter worth approximately $343,000. Finally, Bank of America Corp DE boosted its holdings in Global X Alternative Income ETF by 60.6% in the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after acquiring an additional 3,188 shares in the last quarter.

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.