WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,634 shares, an increase of 84.5% from the September 30th total of 1,970 shares. Based on an average daily trading volume, of 18,284 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in HYIN. WealthPLAN Partners LLC raised its position in WisdomTree Alternative Income Fund by 35.9% in the first quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock valued at $279,000 after purchasing an additional 5,109 shares during the period. Cetera Investment Advisers lifted its stake in shares of 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 purchasing an additional 9,860 shares during the last quarter. Finally, WealthPlan Investment Management LLC grew its holdings in shares of WisdomTree Alternative Income Fund by 18.3% during the 3rd quarter. WealthPlan Investment Management LLC now owns 487,470 shares of the company’s stock worth $6,220,000 after purchasing an additional 75,522 shares during the period.
WisdomTree Alternative Income Fund Price Performance
Shares of BATS HYIN opened at $12.27 on Tuesday. The company has a market capitalization of $42.95 million, a P/E ratio of 9.57 and a beta of 0.99. The company has a 50 day simple moving average of $13.09 and a 200-day simple moving average of $14.26. WisdomTree Alternative Income Fund has a 1 year low of $12.02 and a 1 year high of $16.53.
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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