Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Up 26.7% in November

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 3,800 shares, an increase of 26.7% from the November 15th total of 3,000 shares. Based on an average daily volume of 10,900 shares, the short-interest ratio is presently 0.3 days.

Global X Alternative Income ETF Price Performance

Shares of NASDAQ ALTY traded down $0.02 during midday trading on Friday, hitting $11.88. 2,311 shares of the company’s stock were exchanged, compared to its average volume of 10,654. The company has a market cap of $34.21 million, a PE ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a twelve month low of $10.95 and a twelve month high of $12.19. The firm’s fifty day simple moving average is $11.95 and its 200-day simple moving average is $11.72.

Global X Alternative Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a $0.073 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date was Tuesday, November 5th.

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.