WisdomTree Alternative Income Fund (BATS:HYIN) Stock Price Up 1.3% – Here’s Why

Shares of WisdomTree Alternative Income Fund (BATS:HYIN) traded up 1.3% during mid-day trading on Monday . The stock traded as high as $18.20 and last traded at $18.17. 52,636 shares traded hands during trading, an increase of 78% from the average session volume of 29,593 shares. The stock had previously closed at $17.93.

WisdomTree Alternative Income Fund Price Performance

The firm has a market capitalization of $57.40 million, a P/E ratio of 8.58 and a beta of 1.04. The stock’s fifty day simple moving average is $18.25 and its 200 day simple moving average is $18.50.

Institutional Trading of WisdomTree Alternative Income Fund

An institutional investor recently raised its position in WisdomTree Alternative Income Fund stock. Envestnet Asset Management Inc. lifted its position in shares of WisdomTree Alternative Income Fund (BATS:HYIN) by 104.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,168 shares of the company’s stock after purchasing an additional 15,886 shares during the quarter. Envestnet Asset Management Inc. owned about 3.46% of WisdomTree Alternative Income Fund worth $560,000 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.