WisdomTree Alternative Income Fund (BATS:HYIN) Trading Down 5.4% – What’s Next?

WisdomTree Alternative Income Fund (BATS:HYIN)’s share price fell 5.4% on Monday . The company traded as low as $18.02 and last traded at $16.97. 52,636 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 35,216 shares. The stock had previously closed at $17.93.

WisdomTree Alternative Income Fund Stock Performance

The stock has a fifty day moving average of $16.75 and a 200-day moving average of $17.64. The company has a market cap of $59.40 million, a PE ratio of 9.57 and a beta of 1.00.

Institutional Investors Weigh In On WisdomTree Alternative Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of WisdomTree Alternative Income Fund during the 1st quarter worth about $475,000. Cetera Investment Advisers acquired a new position in shares of WisdomTree Alternative Income Fund during the first quarter worth $262,000. Founders Financial Alliance LLC acquired a new position in shares of WisdomTree Alternative Income Fund during the 1st quarter worth about $44,000. Wedbush Securities Inc. raised its holdings in WisdomTree Alternative Income Fund by 39.4% during the first quarter. Wedbush Securities Inc. now owns 41,394 shares of the company’s stock worth $737,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of WisdomTree Alternative Income Fund by 104.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 31,168 shares of the company’s stock valued at $560,000 after buying an additional 15,886 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.