WisdomTree Alternative Income Fund (BATS:HYIN) Shares Up 0.3% – Here’s What Happened

WisdomTree Alternative Income Fund (BATS:HYIN)’s stock price shot up 0.3% during trading on Wednesday . The company traded as high as $15.22 and last traded at $15.11. 9,864 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 33,010 shares. The stock had previously closed at $15.06.

WisdomTree Alternative Income Fund Price Performance

The firm has a market cap of $52.89 million, a PE ratio of 9.57 and a beta of 0.99. The stock has a 50-day moving average price of $14.70 and a 200 day moving average price of $15.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYIN. Advisory Services Network LLC acquired a new position in WisdomTree Alternative Income Fund in the third quarter valued at $45,000. Kestra Advisory Services LLC acquired a new position in WisdomTree Alternative Income Fund in the fourth quarter valued at $80,000. Osaic Holdings Inc. boosted its holdings in WisdomTree Alternative Income Fund by 18.9% in the fourth quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock valued at $204,000 after acquiring an additional 2,047 shares during the last quarter. WealthPLAN Partners LLC acquired a new position in WisdomTree Alternative Income Fund in the fourth quarter valued at $226,000. Finally, Breachway Investments LLC acquired a new position in WisdomTree Alternative Income Fund in the fourth quarter valued at $313,000.

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. HYIN was launched on May 6, 2021 and is managed by WisdomTree.