WisdomTree Alternative Income Fund (BATS:HYIN) Shares Down 1.7% – What’s Next?

WisdomTree Alternative Income Fund (BATS:HYIN)’s stock price dropped 1.7% during trading on Tuesday . The company traded as low as $18.28 and last traded at $18.29. Approximately 140,900 shares were traded during mid-day trading, The stock had previously closed at $18.60.

WisdomTree Alternative Income Fund Stock Down 1.7 %

The stock has a 50-day simple moving average of $18.60 and a 200 day simple moving average of $18.76. The company has a market cap of $16.46 million, a PE ratio of 9.91 and a beta of 0.84.

WisdomTree Alternative Income Fund Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 25th were paid a dividend of $0.215 per share. The ex-dividend date was Monday, November 25th. This is a positive change from WisdomTree Alternative Income Fund’s previous dividend of $0.16.

Hedge Funds Weigh In On WisdomTree Alternative Income Fund

A hedge fund recently raised its stake in WisdomTree Alternative Income Fund stock. Wedbush Securities Inc. increased its stake in shares of WisdomTree Alternative Income Fund (BATS:HYIN) by 112.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,094 shares of the company’s stock after purchasing an additional 14,335 shares during the quarter. Wedbush Securities Inc. owned 3.01% of WisdomTree Alternative Income Fund worth $500,000 at the end of the most recent 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.