Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 28,900 shares, a growth of 588.1% from the June 30th total of 4,200 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is currently 2.7 days.
Global X Alternative Income ETF Trading Down 1.4 %
Shares of Global X Alternative Income ETF stock traded down $0.17 during mid-day trading on Thursday, reaching $11.51. 5,320 shares of the stock were exchanged, compared to its average volume of 11,205. The company has a market cap of $33.84 million, a price-to-earnings ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a fifty-two week low of $10.31 and a fifty-two week high of $11.73. The firm has a 50-day simple moving average of $11.41 and a 200 day simple moving average of $11.35.
Global X Alternative Income ETF Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, July 3rd were given a $0.0672 dividend. This represents a $0.81 annualized dividend and a yield of 7.01%. The ex-dividend date was Wednesday, July 3rd.
Institutional Investors Weigh In On Global X Alternative Income ETF
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.
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