Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Expands By 26.7%

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,800 shares, a growth of 26.7% from the November 15th total of 3,000 shares. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is currently 0.3 days.

Global X Alternative Income ETF Stock Performance

Global X Alternative Income ETF stock traded down $0.02 during midday trading on Friday, hitting $11.88. 2,311 shares of the company’s stock were exchanged, compared to its average volume of 10,654. The firm has a 50-day moving average of $11.95 and a two-hundred day moving average of $11.72. Global X Alternative Income ETF has a 12 month low of $10.95 and a 12 month high of $12.19. The company has a market cap of $34.21 million, a PE ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a $0.073 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.88 dividend on an annualized basis and a yield of 7.37%.

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.