Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Declines By 33.3%

Global X Alternative Income ETF (NASDAQ:ALTY) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 7,200 shares, a drop of 33.3% from the January 15th total of 10,800 shares. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ALTY. SBI Securities Co. Ltd. bought a new position in shares of Global X Alternative Income ETF in the fourth quarter worth about $71,000. Wells Fargo & Company MN raised its stake 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 worth $244,000 after buying an additional 21,043 shares during the period. Envestnet Asset Management Inc. raised its stake 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 worth $319,000 after buying an additional 1,000 shares during the period. Finally, Talon Private Wealth LLC bought a new position in shares of Global X Alternative Income ETF in the fourth quarter worth about $343,000.

Global X Alternative Income ETF Stock Up 0.3 %

NASDAQ ALTY opened at $11.98 on Friday. The stock’s 50-day moving average price is $11.80 and its 200-day moving average price is $11.84. Global X Alternative Income ETF has a 52 week low of $10.95 and a 52 week high of $12.19. The company has a market capitalization of $33.78 million, a P/E ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were paid 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.