WisdomTree Alternative Income Fund (BATS:HYIN) Stock Price Up 3.5% – Should You Buy?

WisdomTree Alternative Income Fund (BATS:HYIN)’s stock price rose 3.5% on Friday . The company traded as high as $18.20 and last traded at $18.55. Approximately 52,636 shares were traded during mid-day trading, The stock had previously closed at $17.93.

WisdomTree Alternative Income Fund Stock Performance

The business’s 50 day moving average price is $18.22 and its two-hundred day moving average price is $18.57. The company has a market capitalization of $16.70 million, a price-to-earnings ratio of 9.91 and a beta of 0.84.

Institutional Trading of WisdomTree Alternative Income Fund

An institutional investor recently raised its position in WisdomTree Alternative Income Fund stock. Envestnet Asset Management Inc. grew its holdings in shares of WisdomTree Alternative Income Fund (BATS:HYIN) by 104.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,168 shares of the company’s stock after purchasing an additional 15,886 shares during the period. Envestnet Asset Management Inc. owned approximately 3.46% of WisdomTree Alternative Income Fund worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

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.