ALTY Stock Summary and Trading Ideas (Global X Alternative Income ETF | NASDAQ:ALTY)

Global X Alternative Income ETF (ALTY) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend Alternatives Index. The Indxx SuperDividend Alternatives Index seeks to provide exposure to different Alternative asset classes, with an objective of providing a diversified portfolio of assets with a low volatility and high dividend yield. The index seeks exposure to four asset classes: Infrastructure, Institutional Managers, Fixed Income and Global X SuperDividend REIT ETF. The Indxx SuperDividend Alternatives Index tracks the performance of among the highest dividend yielding securities in each category of alternative investments, as defined by the Index Sponsor. The Underlying Index may include exposure to the following classes of alternative investments: MLPs, infrastructure companies, REITs, mortgage REITs, emerging market debt and currency trading, business development companies ( BDCs ), private equity.

Global X Alternative Income ETF trades on the NASDAQ stock market under the symbol ALTY.

As of April 24, 2024, ALTY stock price was flat at $11.26 with 72 million shares trading.

ALTY has a market cap of $34.57 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ALTY stock traded as high as $13.92 and as low as $10.29.

ALTY has underperformed the market in the last year with a return of +6.6%, while the SPY ETF gained +24.6%. In the last 3 month period, ALTY fell short of the market, returning +1.7%, while SPY returned +4.9%. However, in the most recent 2 weeks ALTY has outperformed the stock market by returning -1.8%, while SPY returned -2.4%.

ALTY support price is $11.17 and resistance is $11.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALTY stock will trade within this expected range on the day.