WisdomTree Alternative Income Fund (BATS:HYIN) Sees Large Increase in Short Interest

WisdomTree Alternative Income Fund (BATS:HYIN) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 64,892 shares, a growth of 83.2% from the June 15th total of 35,428 shares. Based on an average daily trading volume, of 27,897 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.9% of the company’s stock are sold short.

Institutional Trading of WisdomTree Alternative Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in WisdomTree Alternative Income Fund by 18.9% in the fourth quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock valued at $204,000 after purchasing an additional 2,047 shares during the period. Advisory Services Network LLC purchased a new position in shares of WisdomTree Alternative Income Fund during the 3rd quarter worth $45,000. Kestra Advisory Services LLC purchased a new position in shares of WisdomTree Alternative Income Fund during the 4th quarter worth $80,000. WealthPLAN Partners LLC increased its position in shares of WisdomTree Alternative Income Fund by 35.9% during the 1st quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock worth $279,000 after purchasing an additional 5,109 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in WisdomTree Alternative Income Fund by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 67,011 shares of the company’s stock valued at $966,000 after buying an additional 9,860 shares during the period.

WisdomTree Alternative Income Fund Trading Down 1.2%

Shares of WisdomTree Alternative Income Fund stock traded down $0.17 during trading on Friday, hitting $14.37. 5,509 shares of the stock traded hands, compared to its average volume of 27,805. The stock’s fifty day simple moving average is $14.26 and its 200 day simple moving average is $14.86. WisdomTree Alternative Income Fund has a 52-week low of $13.81 and a 52-week high of $17.86. The firm has a market cap of $50.30 million, a P/E ratio of 9.57 and a beta of 0.99.

WisdomTree Alternative Income Fund Company Profile

The WisdomTree Alternative Income Fund (HYIN) is an exchange-traded fund that is based on the Gapstow Liquid Alternative Credit index. The fund tracks an equal-weighted index of 35 publicly traded alternative credit vehicles (PACs). The selection of PACs is based on related exposure to alternative credit and trading requirements. HYIN was launched on May 6, 2021 and is managed by WisdomTree.