WisdomTree Alternative Income Fund (BATS:HYIN) Shares Down 0.1% – Here’s Why

WisdomTree Alternative Income Fund (BATS:HYIN) shares were down 0.1% during trading on Friday . The company traded as low as $14.17 and last traded at $14.19. 17,350 shares were traded during mid-day trading, a decline of 33% from the average session volume of 25,945 shares. The stock had previously closed at $14.20.

WisdomTree Alternative Income Fund Stock Performance

The stock has a market capitalization of $49.66 million, a PE ratio of 9.57 and a beta of 0.99. The stock has a 50-day moving average price of $14.21 and a two-hundred day moving average price of $14.48.

Hedge Funds Weigh In On WisdomTree Alternative Income Fund

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its position in shares of WisdomTree Alternative Income Fund by 18.9% in the fourth quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock worth $204,000 after purchasing an additional 2,047 shares during the period. Advisory Services Network LLC bought a new stake in shares of WisdomTree Alternative Income Fund during the 3rd quarter valued at $45,000. Kestra Advisory Services LLC bought a new stake in shares of WisdomTree Alternative Income Fund during the 4th quarter valued at $80,000. WealthPLAN Partners LLC lifted its stake 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 buying an additional 5,109 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of WisdomTree Alternative Income Fund by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 67,011 shares of the company’s stock valued at $966,000 after buying an additional 9,860 shares in the last quarter.

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.