WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report)’s share price was up 1.8% during trading on Friday . The company traded as high as $14.48 and last traded at $14.42. Approximately 12,202 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 27,046 shares. The stock had previously closed at $14.17.
WisdomTree Alternative Income Fund Stock Performance
The firm has a market capitalization of $50.47 million, a price-to-earnings ratio of 9.57 and a beta of 0.99. The company has a 50 day moving average price of $14.17 and a two-hundred day moving average price of $14.65.
Institutional Investors Weigh In On WisdomTree Alternative Income Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in HYIN. Jane Street Group LLC purchased a new position in WisdomTree Alternative Income Fund during the first quarter valued at $475,000. Cetera Investment Advisers increased its stake in shares of WisdomTree Alternative Income Fund by 126.5% during the second quarter. Cetera Investment Advisers now owns 33,390 shares of the company’s stock worth $575,000 after purchasing an additional 18,646 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of WisdomTree Alternative Income Fund during the 3rd quarter worth about $45,000. Breachway Investments LLC acquired a new position in shares of WisdomTree Alternative Income Fund during the 4th quarter worth about $313,000. Finally, Delta Investment Management LLC purchased a new position in WisdomTree Alternative Income Fund in the 4th quarter valued at about $356,000.
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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