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

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

Global X Alternative Income ETF Stock Performance

ALTY opened at $12.05 on Friday. The stock has a market cap of $33.98 million, a price-to-earnings ratio of 15.21 and a beta of 0.99. The firm’s fifty day moving average is $11.84 and its 200 day moving average is $11.88. Global X Alternative Income ETF has a fifty-two week low of $10.95 and a fifty-two week high of $12.19.

Global X Alternative Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were given a $0.074 dividend. The ex-dividend date was Wednesday, February 5th.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of hedge funds have recently made changes to their positions in ALTY. GTS Securities LLC purchased a new position in Global X Alternative Income ETF in the 4th quarter worth approximately $357,000. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 3,188 shares in the last quarter. Talon Private Wealth LLC purchased a new position in shares of Global X Alternative Income ETF in the fourth quarter worth $343,000. Envestnet Asset Management Inc. boosted its position in shares of Global X Alternative Income ETF by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 27,525 shares of the company’s stock worth $319,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Global X Alternative Income ETF by 2,104,300.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock valued at $244,000 after acquiring an additional 21,043 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.