Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Expands By 172.7%

Posted by Teresa Graham on Nov 28th, 2024

Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,000 shares, an increase of 172.7% from the October 31st total of 1,100 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 0.3 days.

Global X Alternative Income ETF Price Performance

ALTY opened at $12.09 on Thursday. The firm has a market capitalization of $34.80 million, a PE ratio of 15.21 and a beta of 0.99. The business’s 50-day moving average is $11.96 and its two-hundred day moving average is $11.68. Global X Alternative Income ETF has a 1 year low of $10.95 and a 1 year high of $12.12.

Global X Alternative Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.073 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.88 annualized dividend and a dividend yield of 7.25%.

About Global X Alternative Income ETF

(Get Free Report)

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.