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

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 7,200 shares, a decrease of 33.3% from the January 15th total of 10,800 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is currently 0.6 days.

Global X Alternative Income ETF Stock Performance

Global X Alternative Income ETF stock traded up $0.08 during trading on Friday, reaching $12.02. 2,416 shares of the company’s stock were exchanged, compared to its average volume of 12,820. The company’s 50-day moving average is $11.80 and its two-hundred day moving average is $11.84. Global X Alternative Income ETF has a 52-week low of $10.95 and a 52-week high of $12.19. The firm has a market cap of $33.90 million, a price-to-earnings ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, February 5th.

Institutional Trading of Global X Alternative Income ETF

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in Global X Alternative Income ETF in the 4th quarter worth about $71,000. Wells Fargo & Company MN boosted its holdings in shares of Global X Alternative Income ETF by 2,104,300.0% in 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. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Global X Alternative Income ETF by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 27,525 shares of the company’s stock valued at $319,000 after acquiring an additional 1,000 shares in the last quarter.

Global X Alternative Income ETF Company Profile

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.