WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 28,354 shares, a decrease of 39.3% from the August 15th total of 46,741 shares. Based on an average daily volume of 14,270 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.8% of the company’s shares are sold short.
Institutional Investors Weigh In On WisdomTree Alternative Income Fund
A number of institutional investors and hedge funds have recently modified their holdings of HYIN. WealthPLAN Partners LLC boosted its holdings in WisdomTree Alternative Income Fund by 35.9% during the 1st quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock valued at $279,000 after acquiring an additional 5,109 shares during the period. Prospera Financial Services Inc purchased a new stake in WisdomTree Alternative Income Fund in the fourth quarter worth $344,000. Cetera Investment Advisers increased its stake in WisdomTree Alternative Income Fund by 17.3% in the first quarter. Cetera Investment Advisers now owns 67,011 shares of the company’s stock worth $966,000 after purchasing an additional 9,860 shares during the period. Finally, Uhlmann Price Securities LLC bought a new stake in shares of WisdomTree Alternative Income Fund during the first quarter worth $1,423,000.
WisdomTree Alternative Income Fund Price Performance
Shares of BATS HYIN opened at $13.54 on Thursday. WisdomTree Alternative Income Fund has a 1 year low of $13.45 and a 1 year high of $17.50. The firm has a 50-day simple moving average of $14.16 and a two-hundred day simple moving average of $14.36. The company has a market cap of $47.39 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.
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