WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) shares dropped 0.3% during mid-day trading on Wednesday . The company traded as low as $14.49 and last traded at $14.55. Approximately 30,444 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 39,537 shares. The stock had previously closed at $14.60.
WisdomTree Alternative Income Fund Stock Performance
The stock has a market cap of $50.93 million, a price-to-earnings ratio of 9.57 and a beta of 0.99. The company’s 50 day simple moving average is $15.57 and its 200 day simple moving average is $16.18.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in shares of WisdomTree Alternative Income Fund by 21.5% during the fourth quarter. Cetera Investment Advisers now owns 57,151 shares of the company’s stock valued at $908,000 after acquiring an additional 10,108 shares during the period. Osaic Holdings Inc. lifted 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 worth $204,000 after purchasing an additional 2,047 shares during the period. Kestra Advisory Services LLC acquired a new stake in WisdomTree Alternative Income Fund in the fourth quarter worth approximately $80,000. WealthPLAN Partners LLC bought a new position in WisdomTree Alternative Income Fund during the 4th quarter valued at $226,000. Finally, Prospera Financial Services Inc bought a new position in WisdomTree Alternative Income Fund during the 4th quarter valued at $344,000.
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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