Global X Alternative Income ETF (NASDAQ:ALTY) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Global X Alternative Income ETF (NASDAQ:ALTY)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.67 and traded as high as $12.10. Global X Alternative Income ETF shares last traded at $12.04, with a volume of 12,211 shares changing hands.

Global X Alternative Income ETF Trading Down 0.1 %

The stock has a market cap of $34.68 million, a PE ratio of 15.21 and a beta of 0.99. The business has a fifty day simple moving average of $11.96 and a two-hundred day simple moving average of $11.67.

Global X Alternative Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a $0.073 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.88 dividend on an annualized basis and a yield of 7.28%.

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.