WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) was down 9.3% on Monday . The stock traded as low as $18.0201 and last traded at $16.2660. Approximately 52,636 shares were traded 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 stock has a fifty day moving average of $16.10 and a 200-day moving average of $16.65. The company has a market cap of $56.93 million, a PE ratio of 9.57 and a beta of 0.99.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in WisdomTree Alternative Income Fund during the 3rd quarter valued at about $45,000. Jane Street Group LLC purchased a new position in shares of WisdomTree Alternative Income Fund during the first quarter worth approximately $475,000. Cetera Investment Advisers increased its position in shares of WisdomTree Alternative Income Fund by 126.5% during the second quarter. Cetera Investment Advisers now owns 33,390 shares of the company’s stock worth $575,000 after acquiring an additional 18,646 shares during the period. Finally, Wedbush Securities Inc. raised its stake in shares of WisdomTree Alternative Income Fund by 6.3% during the second quarter. Wedbush Securities Inc. now owns 44,019 shares of the company’s stock valued at $758,000 after acquiring an additional 2,625 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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