WisdomTree Alternative Income Fund (BATS:HYIN) Stock Price Down 0.6% – Time to Sell?

WisdomTree Alternative Income Fund (BATS:HYIN) was down 0.6% during trading on Tuesday . The stock traded as low as $15.13 and last traded at $15.27. Approximately 29,865 shares changed hands during trading, a decline of 25% from the average daily volume of 39,854 shares. The stock had previously closed at $15.36.

WisdomTree Alternative Income Fund Trading Down 0.6%

The company has a market cap of $53.45 million, a P/E ratio of 9.57 and a beta of 0.99. The business has a 50 day moving average price of $15.95 and a 200-day moving average price of $16.44.

WisdomTree Alternative Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th were issued a $0.16 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend was Tuesday, January 27th.

Institutional Trading of WisdomTree Alternative Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of WisdomTree Alternative Income Fund in the first quarter valued at approximately $475,000. Wedbush Securities Inc. boosted its position in WisdomTree Alternative Income Fund by 6.3% during the second quarter. Wedbush Securities Inc. now owns 44,019 shares of the company’s stock worth $758,000 after purchasing an additional 2,625 shares during the period. Cetera Investment Advisers increased its holdings in shares of WisdomTree Alternative Income Fund by 126.5% in the second quarter. Cetera Investment Advisers now owns 33,390 shares of the company’s stock valued at $575,000 after purchasing an additional 18,646 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of WisdomTree Alternative Income Fund in the third quarter valued at $45,000. Finally, Breachway Investments LLC bought a new position in shares of WisdomTree Alternative Income Fund in the fourth quarter valued at about $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.