Global X Alternative Income ETF (NASDAQ:ALTY) Sees Large Drop in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,100 shares, a decrease of 76.6% from the October 15th total of 4,700 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 0.1 days.

Global X Alternative Income ETF Stock Down 0.6 %

NASDAQ ALTY opened at $11.92 on Thursday. Global X Alternative Income ETF has a 52 week low of $10.66 and a 52 week high of $12.12. The company has a market capitalization of $34.32 million, a P/E ratio of 15.21 and a beta of 0.99. The stock’s 50-day moving average price is $11.94 and its 200-day moving average price is $11.63.

Global X Alternative Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were paid 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 dividend yield of 7.35%.

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.