Global X Alternative Income ETF (NASDAQ:ALTY) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Global X Alternative Income ETF (NASDAQ:ALTYGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.70 and traded as high as $12.00. Global X Alternative Income ETF shares last traded at $11.96, with a volume of 17,174 shares trading hands.

Global X Alternative Income ETF Stock Up 0.4 %

The firm has a market capitalization of $34.59 million, a P/E ratio of 15.21 and a beta of 0.99. The company has a fifty day simple moving average of $11.96 and a 200 day simple moving average of $11.71.

Global X Alternative Income ETF Cuts Dividend

The company 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. This represents a $0.88 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend was Tuesday, November 5th.

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.

Further Reading

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