Short Interest in Global X Alternative Income ETF (NASDAQ:ALTY) Decreases By 94.7%

Global X Alternative Income ETF (NASDAQ:ALTY) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 200 shares, a drop of 94.7% from the November 30th total of 3,800 shares. Based on an average daily volume of 11,100 shares, the short-interest ratio is presently 0.0 days.

Global X Alternative Income ETF Stock Performance

Shares of ALTY stock remained flat at $11.79 on Thursday. 6,078 shares of the stock traded hands, compared to its average volume of 10,620. Global X Alternative Income ETF has a one year low of $10.95 and a one year high of $12.19. The company has a fifty day simple moving average of $11.92 and a two-hundred day simple moving average of $11.75. The firm has a market cap of $33.96 million, a price-to-earnings ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 13th. Shareholders 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 7.43%.

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.