Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Expands By 984.7%

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 78,100 shares, a growth of 984.7% from the January 31st total of 7,200 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 6.7 days.

Hedge Funds Weigh In On Global X Alternative Income ETF

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Global X Alternative Income ETF during the fourth quarter worth $71,000. Wells Fargo & Company MN boosted its position 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 during the period. Envestnet Asset Management Inc. boosted its position 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 during the period. Talon Private Wealth LLC bought a new position in Global X Alternative Income ETF during the 4th quarter worth $343,000. Finally, Bank of America Corp DE raised its stake in 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 valued at $98,000 after purchasing an additional 3,188 shares in the last quarter.

Global X Alternative Income ETF Stock Performance

Shares of ALTY stock opened at $11.92 on Friday. The company has a market capitalization of $33.62 million, a P/E ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a 52 week low of $10.95 and a 52 week high of $12.19. The company’s 50 day moving average price is $11.83 and its two-hundred day moving average price is $11.88.

Global X Alternative Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were issued a $0.074 dividend. The ex-dividend date was Wednesday, February 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.