WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report)’s stock price rose 0.3% during mid-day trading on Thursday . The company traded as high as $14.63 and last traded at $14.53. Approximately 13,243 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 30,812 shares. The stock had previously closed at $14.49.
WisdomTree Alternative Income Fund Price Performance
The stock has a 50 day simple moving average of $14.63 and a two-hundred day simple moving average of $15.44. The company has a market cap of $50.86 million, a price-to-earnings ratio of 9.57 and a beta of 0.99.
Hedge Funds Weigh In On WisdomTree Alternative Income Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYIN. Advisory Services Network LLC acquired a new position in WisdomTree Alternative Income Fund during the third quarter worth $45,000. Kestra Advisory Services LLC purchased a new stake in WisdomTree Alternative Income Fund in the fourth quarter valued at $80,000. Osaic Holdings Inc. raised its position in WisdomTree Alternative Income Fund by 18.9% in the fourth quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock valued at $204,000 after purchasing an additional 2,047 shares during the period. WealthPLAN Partners LLC purchased a new stake in WisdomTree Alternative Income Fund in the fourth quarter valued at $226,000. Finally, Breachway Investments LLC purchased a new stake in WisdomTree Alternative Income Fund in the fourth quarter valued at $313,000.
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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