WisdomTree Alternative Income Fund (BATS:HYIN) Stock Price Down 0.6% – What’s Next?

WisdomTree Alternative Income Fund (BATS:HYIN)’s share price dropped 0.6% during mid-day trading on Tuesday . The stock traded as low as $15.13 and last traded at $15.27. Approximately 29,865 shares changed hands during trading, a decline of 25% from the average daily volume of 39,854 shares. The stock had previously closed at $15.36.

WisdomTree Alternative Income Fund Stock Performance

The firm has a market capitalization of $53.45 million, a P/E ratio of 9.57 and a beta of 0.99. The firm has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $16.44.

WisdomTree Alternative Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were given a dividend of $0.16 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend was Tuesday, January 27th.

Hedge Funds Weigh In On WisdomTree Alternative Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. WealthPlan Investment Management LLC bought a new position in shares of WisdomTree Alternative Income Fund during the 4th quarter valued at approximately $2,183,000. Jane Street Group LLC purchased a new position in WisdomTree Alternative Income Fund in the first quarter valued at approximately $475,000. Delta Investment Management LLC bought a new position in WisdomTree Alternative Income Fund during the fourth quarter valued at $356,000. Prospera Financial Services Inc purchased a new position in shares of WisdomTree Alternative Income Fund during the 4th quarter valued at $344,000. Finally, Breachway Investments LLC bought a new position in shares of WisdomTree Alternative Income Fund during the 4th quarter worth $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.