Global X Alternative Income ETF (NASDAQ:ALTY) Sees Significant Increase in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,700 shares, an increase of 235.7% from the September 30th total of 1,400 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 0.5 days.

Global X Alternative Income ETF Price Performance

NASDAQ:ALTY traded up $0.01 during trading hours on Friday, reaching $11.91. 397 shares of the company traded hands, compared to its average volume of 10,383. The firm’s 50-day moving average is $11.90 and its 200-day moving average is $11.56. The stock has a market cap of $34.30 million, a P/E ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a 1-year low of $10.31 and a 1-year high of $12.12.

Global X Alternative Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 3rd were paid a $0.0725 dividend. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.07. This represents a $0.87 annualized dividend and a yield of 7.30%. The ex-dividend date was Thursday, October 3rd.

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.