Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Update

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 8,800 shares, an increase of 238.5% from the May 31st total of 2,600 shares. Based on an average daily volume of 9,900 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ALTY. Kovack Advisors Inc. increased its stake in shares of Global X Alternative Income ETF by 18.1% in the fourth quarter. Kovack Advisors Inc. now owns 21,522 shares of the company’s stock valued at $243,000 after buying an additional 3,294 shares during the period. Eudaimonia Advisors LLC increased its stake in shares of Global X Alternative Income ETF by 3.6% in the first quarter. Eudaimonia Advisors LLC now owns 43,656 shares of the company’s stock valued at $504,000 after buying an additional 1,510 shares during the period. Finally, Eudaimonia Partners LLC increased its stake in shares of Global X Alternative Income ETF by 5.2% in the fourth quarter. Eudaimonia Partners LLC now owns 61,227 shares of the company’s stock valued at $692,000 after buying an additional 3,048 shares during the period.

Global X Alternative Income ETF Price Performance

Shares of ALTY opened at $11.37 on Friday. Global X Alternative Income ETF has a 12-month low of $10.31 and a 12-month high of $11.65. The business has a 50-day simple moving average of $11.32 and a two-hundred day simple moving average of $11.33. The stock has a market cap of $34.89 million, a PE ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 5th were issued a $0.0672 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.81 dividend on an annualized basis and a yield of 7.10%.

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.