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 decline in short interest during the month of January. As of January 31st, there was short interest totalling 7,200 shares, a decline of 33.3% from the January 15th total of 10,800 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Global X Alternative Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Talon Private Wealth LLC acquired a new stake in shares of Global X Alternative Income ETF during the fourth quarter worth $343,000. Envestnet Asset Management Inc. boosted its stake in Global X Alternative Income ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 27,525 shares of the company’s stock worth $319,000 after buying an additional 1,000 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Global X Alternative Income ETF by 2,104,300.0% in the 4th quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock valued at $244,000 after buying an additional 21,043 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Global X Alternative Income ETF during the 4th quarter valued at about $71,000.

Global X Alternative Income ETF Trading Up 0.3 %

NASDAQ:ALTY opened at $11.98 on Friday. The firm has a market cap of $33.78 million, a price-to-earnings ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a 12-month low of $10.95 and a 12-month high of $12.19. 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 Cuts Dividend

The company also recently announced 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.

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.