WisdomTree Alternative Income Fund (BATS:HYIN) Short Interest Update

WisdomTree Alternative Income Fund (BATS:HYIN) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 34,120 shares, a drop of 37.9% from the May 14th total of 54,983 shares. Based on an average daily trading volume, of 27,206 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.0% of the shares of the stock are short sold.

WisdomTree Alternative Income Fund Stock Performance

BATS HYIN opened at $14.26 on Monday. The company has a market capitalization of $49.91 million, a P/E ratio of 9.57 and a beta of 0.99. WisdomTree Alternative Income Fund has a one year low of $13.81 and a one year high of $17.86. The stock has a 50 day moving average price of $14.59 and a 200-day moving average price of $15.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wedbush Securities Inc. boosted its position in shares of WisdomTree Alternative Income Fund by 1.7% during the 3rd quarter. Wedbush Securities Inc. now owns 44,769 shares of the company’s stock valued at $748,000 after acquiring an additional 750 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of WisdomTree Alternative Income Fund by 18.9% during the 4th quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock valued at $204,000 after acquiring an additional 2,047 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of WisdomTree Alternative Income Fund during the 3rd quarter valued at approximately $45,000. Kestra Advisory Services LLC bought a new position in shares of WisdomTree Alternative Income Fund during the 4th quarter valued at approximately $80,000. Finally, WealthPLAN Partners LLC boosted its position in shares of WisdomTree Alternative Income Fund by 35.9% during the 1st quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock valued at $279,000 after acquiring an additional 5,109 shares during the last quarter.

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.