WisdomTree Alternative Income Fund (BATS:HYIN) Trading Down 1.1%

WisdomTree Alternative Income Fund (BATS:HYIN) shares fell 1.1% during mid-day trading on Tuesday . The stock traded as low as $18.84 and last traded at $18.85. 6,641 shares changed hands during mid-day trading, The stock had previously closed at $19.06.

WisdomTree Alternative Income Fund Stock Down 1.1 %

The company has a market cap of $16.97 million, a price-to-earnings ratio of 9.91 and a beta of 0.84. The company’s fifty day moving average price is $18.94 and its two-hundred day moving average price is $18.69.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WisdomTree Alternative Income Fund stock. Wedbush Securities Inc. boosted its position in WisdomTree Alternative Income Fund (BATS:HYIN) by 112.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 27,094 shares of the company’s stock after purchasing an additional 14,335 shares during the period. Wedbush Securities Inc. owned about 3.01% of WisdomTree Alternative Income Fund worth $500,000 as of its most recent filing with the SEC.

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.