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

Posted by Dante Gardener on Dec 15th, 2024

Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) was the recipient of a large 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 daily trading volume, of 10,900 shares, the short-interest ratio is currently 0.3 days.

Global X Alternative Income ETF Price Performance

Shares of Global X Alternative Income ETF stock traded down $0.02 on Friday, hitting $11.86. The company had a trading volume of 2,985 shares, compared to its average volume of 10,657. The stock has a 50-day moving average of $11.95 and a 200-day moving average of $11.73. Global X Alternative Income ETF has a twelve month low of $10.95 and a twelve month high of $12.19. The firm has a market capitalization of $34.14 million, a P/E 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.39%.

Global X Alternative Income ETF Company Profile

(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.