WisdomTree Alternative Income Fund (BATS:HYIN) Trading Up 0.3% – What’s Next?

WisdomTree Alternative Income Fund (BATS:HYIN) was up 0.3% on Thursday . The stock traded as high as $14.63 and last traded at $14.53. Approximately 13,243 shares changed hands 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 firm has a market cap of $50.86 million, a price-to-earnings ratio of 9.57 and a beta of 0.99. The firm has a fifty day simple moving average of $14.63 and a two-hundred day simple moving average of $15.44.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of WisdomTree Alternative Income Fund in the third quarter worth about $45,000. Kestra Advisory Services LLC purchased a new position in shares of WisdomTree Alternative Income Fund in the fourth quarter worth about $80,000. Osaic Holdings Inc. raised its stake in shares of WisdomTree Alternative Income Fund by 18.9% in the fourth quarter. Osaic Holdings Inc. now owns 12,869 shares of the company’s stock worth $204,000 after purchasing an additional 2,047 shares during the last quarter. WealthPLAN Partners LLC purchased a new position in shares of WisdomTree Alternative Income Fund in the fourth quarter worth about $226,000. Finally, Breachway Investments LLC purchased a new position in shares of WisdomTree Alternative Income Fund in the fourth quarter worth about $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.