WisdomTree Alternative Income Fund (BATS:HYIN) Stock Price Down 2.5% – Here’s What Happened

Shares of WisdomTree Alternative Income Fund (BATS:HYIN) dropped 2.5% during trading on Friday . The stock traded as low as $18.02 and last traded at $17.49. Approximately 52,636 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 36,491 shares. The stock had previously closed at $17.93.

WisdomTree Alternative Income Fund Stock Performance

The firm’s 50-day moving average is $17.38 and its 200 day moving average is $17.23. The stock has a market cap of $61.21 million, a PE ratio of 9.57 and a beta of 0.99.

Hedge Funds Weigh In On WisdomTree Alternative Income Fund

A number of large investors have recently bought and sold shares of the company. Founders Financial Alliance LLC purchased a new position in WisdomTree Alternative Income Fund during the 1st quarter worth $44,000. Wedbush Securities Inc. raised its position in WisdomTree Alternative Income Fund by 6.3% during the 2nd quarter. Wedbush Securities Inc. now owns 44,019 shares of the company’s stock worth $758,000 after buying an additional 2,625 shares during the last quarter. Cetera Investment Advisers purchased a new position in WisdomTree Alternative Income Fund during the 1st quarter worth $262,000. Finally, Jane Street Group LLC purchased a new position in WisdomTree Alternative Income Fund during the 1st quarter worth $475,000.

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.