Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Down 66.8% in March

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 27,900 shares, a decrease of 66.8% from the February 28th total of 84,100 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

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

Global X Alternative Income ETF Stock Down 0.2 %

NASDAQ:ALTY opened at $11.80 on Thursday. Global X Alternative Income ETF has a 52-week low of $10.95 and a 52-week high of $12.19. The stock has a fifty day simple moving average of $11.88 and a 200-day simple moving average of $11.89. The company has a market capitalization of $33.28 million, a PE ratio of 19.52 and a beta of 0.99.

Global X Alternative Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.074 per share. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a yield of 7.53%. The ex-dividend date was Wednesday, March 5th.

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.