Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Expands By 650.0%

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

Global X Alternative Income ETF Stock Down 0.4 %

NASDAQ ALTY opened at $11.86 on Thursday. The company has a 50 day moving average price of $11.84 and a two-hundred day moving average price of $11.82. Global X Alternative Income ETF has a 12-month low of $10.95 and a 12-month high of $12.19. The stock has a market capitalization of $33.45 million, a PE ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors 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 a boost from Global X Alternative Income ETF’s previous dividend of $0.09.

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.