WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 28,354 shares, a decrease of 39.3% from the August 15th total of 46,741 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 14,270 shares, the days-to-cover ratio is currently 2.0 days.
WisdomTree Alternative Income Fund Stock Performance
WisdomTree Alternative Income Fund stock opened at $13.64 on Friday. The company has a 50 day moving average price of $14.15 and a 200 day moving average price of $14.35. WisdomTree Alternative Income Fund has a 52 week low of $13.45 and a 52 week high of $17.39. The firm has a market capitalization of $47.74 million, a price-to-earnings ratio of 9.57 and a beta of 0.99.
Institutional Trading of WisdomTree Alternative Income Fund
Several hedge funds and other institutional investors have recently modified their holdings of HYIN. Cetera Investment Advisers raised its position in WisdomTree Alternative Income Fund by 17.3% during the first quarter. Cetera Investment Advisers now owns 67,011 shares of the company’s stock valued at $966,000 after buying an additional 9,860 shares during the period. WealthPLAN Partners LLC lifted its stake in WisdomTree Alternative Income Fund by 35.9% in the 1st quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock worth $279,000 after acquiring an additional 5,109 shares in the last quarter. Uhlmann Price Securities LLC acquired a new stake in WisdomTree Alternative Income Fund during the 1st quarter worth about $1,423,000. Finally, Prospera Financial Services Inc acquired a new stake in WisdomTree Alternative Income Fund during the 4th quarter worth about $344,000.
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.
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