Global X Alternative Income ETF (NASDAQ:ALTY) Sees Significant Growth in Short Interest

Global X Alternative Income ETF (NASDAQ:ALTY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,500 shares, an increase of 650.0% from the December 15th total of 200 shares. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is presently 0.1 days.

Global X Alternative Income ETF Trading Down 0.2 %

Shares of NASDAQ:ALTY traded down $0.02 during mid-day trading on Monday, hitting $11.50. 2,376 shares of the company traded hands, compared to its average volume of 8,278. The stock has a market cap of $32.43 million, a P/E ratio of 15.21 and a beta of 0.99. The stock has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $11.78. Global X Alternative Income ETF has a 12-month low of $10.95 and a 12-month high of $12.19.

Global X Alternative Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a $0.1495 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from Global X Alternative Income ETF’s previous dividend of $0.09.

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.