WisdomTree Alternative Income Fund (BATS:HYIN) Shares Down 8.9% – Should You Sell?

WisdomTree Alternative Income Fund (BATS:HYIN)’s stock price dropped 8.9% on Tuesday . The stock traded as low as $18.0201 and last traded at $16.34. Approximately 52,636 shares traded hands during trading, an increase of 44% from the average daily volume of 36,491 shares. The stock had previously closed at $17.93.

WisdomTree Alternative Income Fund Stock Performance

The firm has a market capitalization of $57.19 million, a price-to-earnings ratio of 9.57 and a beta of 0.99. The company has a fifty day moving average of $17.00 and a two-hundred day moving average of $17.01.

Institutional Trading of WisdomTree Alternative Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC bought a new position in WisdomTree Alternative Income Fund during the 1st quarter worth $44,000. Wedbush Securities Inc. increased its stake in WisdomTree Alternative Income Fund by 6.3% during the 2nd quarter. Wedbush Securities Inc. now owns 44,019 shares of the company’s stock worth $758,000 after acquiring an additional 2,625 shares during the period. Cetera Investment Advisers bought a new position in WisdomTree Alternative Income Fund during the 1st quarter worth $262,000. Finally, Jane Street Group LLC bought a new position in WisdomTree Alternative Income Fund during the 1st quarter worth $475,000.

WisdomTree Alternative Income Fund Company Profile

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.