WisdomTree Alternative Income Fund (BATS:HYIN) Stock Price Up 1.3% – Should You Buy?

WisdomTree Alternative Income Fund (BATS:HYIN) rose 1.3% during trading on Thursday . The company traded as high as $14.34 and last traded at $14.31. Approximately 16,644 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 29,946 shares. The stock had previously closed at $14.13.

WisdomTree Alternative Income Fund Price Performance

The business has a 50 day simple moving average of $14.58 and a 200-day simple moving average of $15.24. The stock has a market capitalization of $49.70 million, a price-to-earnings ratio of 9.57 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of WisdomTree Alternative Income Fund by 17.3% during the first quarter. Cetera Investment Advisers now owns 67,011 shares of the company’s stock worth $966,000 after buying an additional 9,860 shares in the last quarter. WealthPLAN Partners LLC grew its holdings in shares of WisdomTree Alternative Income Fund by 35.9% during the first quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock worth $279,000 after buying an additional 5,109 shares in the last quarter. Uhlmann Price Securities LLC bought a new position in shares of WisdomTree Alternative Income Fund during the first quarter worth about $1,423,000. Osaic Holdings Inc. grew its holdings in shares of WisdomTree Alternative Income Fund by 18.9% during the fourth quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock worth $204,000 after buying an additional 2,047 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of WisdomTree Alternative Income Fund during the fourth quarter worth about $80,000.

About WisdomTree Alternative Income Fund

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.