WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report)’s stock price fell 0.5% during trading on Wednesday . The company traded as low as $14.08 and last traded at $14.10. Approximately 3,629 shares changed hands during trading, a decline of 87% from the average daily volume of 28,433 shares. The stock had previously closed at $14.17.
WisdomTree Alternative Income Fund Price Performance
The stock has a market cap of $50.02 million, a P/E ratio of 9.57 and a beta of 0.99. The business’s 50 day simple moving average is $14.33 and its 200 day simple moving average is $14.92.
Institutional Investors Weigh In On WisdomTree Alternative Income Fund
A number of hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in WisdomTree Alternative Income Fund in the third quarter valued at about $45,000. Kestra Advisory Services LLC acquired a new stake in shares of WisdomTree Alternative Income Fund during the fourth quarter worth approximately $80,000. Osaic Holdings Inc. increased 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. WealthPLAN Partners LLC bought a new position in shares of WisdomTree Alternative Income Fund in the fourth quarter valued at approximately $226,000. Finally, Breachway Investments LLC acquired a new position in shares of WisdomTree Alternative Income Fund in the 4th quarter worth approximately $313,000.
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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