WisdomTree Alternative Income Fund (BATS:HYIN – Get Free Report) fell 0.5% on Wednesday . The company traded as low as $14.08 and last traded at $14.10. 3,629 shares were traded during trading, a decline of 87% from the average daily volume of 28,433 shares. The stock had previously closed at $14.17.
WisdomTree Alternative Income Fund Trading Down 0.5%
The firm’s fifty day moving average price is $14.35 and its 200-day moving average price is $14.93. The company has a market cap of $49.35 million, a price-to-earnings ratio of 9.57 and a beta of 0.99.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in shares of WisdomTree Alternative Income Fund during the third quarter worth about $45,000. Kestra Advisory Services LLC bought a new position in shares of WisdomTree Alternative Income Fund during the 4th quarter valued at about $80,000. Osaic Holdings Inc. grew its position in shares of WisdomTree Alternative Income Fund by 18.9% in the 4th 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 acquired a new position in shares of WisdomTree Alternative Income Fund in the 4th quarter valued at approximately $226,000. Finally, Breachway Investments LLC bought a new stake in WisdomTree Alternative Income Fund during the 4th quarter worth approximately $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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