Shares of WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) traded down 0.6% during trading on Wednesday . The stock traded as low as $14.31 and last traded at $14.33. 6,728 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 35,100 shares. The stock had previously closed at $14.42.
WisdomTree Alternative Income Fund Stock Performance
The stock has a market cap of $50.44 million, a price-to-earnings ratio of 9.57 and a beta of 0.99. The stock’s 50 day moving average is $14.95 and its two-hundred day moving average is $15.83.
Institutional Investors Weigh In On WisdomTree Alternative Income Fund
Several hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. increased its position in WisdomTree Alternative Income Fund by 1.7% in the 3rd quarter. Wedbush Securities Inc. now owns 44,769 shares of the company’s stock valued at $748,000 after acquiring an additional 750 shares during the period. Osaic Holdings Inc. lifted its position in WisdomTree Alternative Income Fund by 18.9% during the 4th quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock worth $204,000 after acquiring an additional 2,047 shares during the period. Advisory Services Network LLC acquired a new stake in WisdomTree Alternative Income Fund during the 3rd quarter worth approximately $45,000. Kestra Advisory Services LLC purchased a new position in shares of WisdomTree Alternative Income Fund in the 4th quarter valued at approximately $80,000. Finally, Cetera Investment Advisers grew its stake in shares of WisdomTree Alternative Income Fund by 21.5% in the 4th quarter. Cetera Investment Advisers now owns 57,151 shares of the company’s stock valued at $908,000 after purchasing an additional 10,108 shares during the last quarter.
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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