Shares of WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) were down 10.5% during trading on Friday . The stock traded as low as $18.0201 and last traded at $16.0550. 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 Down 10.5%
The company’s fifty day moving average price is $16.05 and its two-hundred day moving average price is $16.76. The firm has a market cap of $56.19 million, a PE ratio of 9.57 and a beta of 0.99.
Hedge Funds Weigh In On WisdomTree Alternative Income Fund
Several large investors have recently made changes to their positions in HYIN. Advisory Services Network LLC bought a new stake in shares of WisdomTree Alternative Income Fund in the 3rd quarter worth approximately $45,000. Jane Street Group LLC bought a new stake in WisdomTree Alternative Income Fund during the first quarter worth approximately $475,000. Cetera Investment Advisers grew its position in WisdomTree Alternative Income Fund by 126.5% in the second quarter. Cetera Investment Advisers now owns 33,390 shares of the company’s stock worth $575,000 after buying an additional 18,646 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of WisdomTree Alternative Income Fund by 1.7% in the third quarter. Wedbush Securities Inc. now owns 44,769 shares of the company’s stock valued at $748,000 after buying an additional 750 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.
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