WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,970 shares, a decrease of 82.7% from the September 15th total of 11,377 shares. Based on an average trading volume of 24,572 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Trading of WisdomTree Alternative Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in WisdomTree Alternative Income Fund by 17.3% in the first quarter. Cetera Investment Advisers now owns 67,011 shares of the company’s stock worth $966,000 after purchasing an additional 9,860 shares during the last quarter. WealthPLAN Partners LLC boosted its position in shares of WisdomTree Alternative Income Fund by 35.9% during the first quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock valued at $279,000 after buying an additional 5,109 shares during the period. Finally, Uhlmann Price Securities LLC purchased a new position in shares of WisdomTree Alternative Income Fund during the first quarter valued at approximately $1,423,000.
WisdomTree Alternative Income Fund Stock Performance
WisdomTree Alternative Income Fund stock opened at $12.43 on Monday. WisdomTree Alternative Income Fund has a 12-month low of $12.29 and a 12-month high of $16.75. The firm has a 50-day moving average price of $13.74 and a 200-day moving average price of $14.16. The firm has a market capitalization of $43.51 million, a PE ratio of 9.57 and a beta of 0.99.
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.
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