Global X Alternative Income ETF (NASDAQ:ALTY) Short Interest Up 26.7% in November

Posted by Jared Coughlin on Dec 15th, 2024

Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) was the target of a significant growth in short interest in 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 presently 0.3 days.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY traded down $0.02 on Friday, hitting $11.86. 2,985 shares of the company were exchanged, compared to its average volume of 10,657. The company’s 50 day moving average price is $11.95 and its two-hundred day moving average price is $11.73. Global X Alternative Income ETF has a one year low of $10.95 and a one year high of $12.19. The firm has a market capitalization of $34.14 million, a price-to-earnings ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a $0.073 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.88 annualized dividend and a yield of 7.39%.

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.