WisdomTree Alternative Income Fund (BATS:HYIN) Trading Up 1.8% – Time to Buy?

WisdomTree Alternative Income Fund (BATS:HYIN)’s share price rose 1.8% during trading on Friday . The company traded as high as $14.48 and last traded at $14.42. Approximately 12,202 shares were traded during trading, a decline of 55% from the average session volume of 27,046 shares. The stock had previously closed at $14.17.

WisdomTree Alternative Income Fund Stock Up 1.8%

The firm has a market cap of $50.47 million, a PE ratio of 9.57 and a beta of 0.99. The firm has a 50-day moving average price of $14.17 and a two-hundred day moving average price of $14.65.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC acquired a new stake in shares of WisdomTree Alternative Income Fund in the fourth quarter valued at about $2,183,000. Uhlmann Price Securities LLC acquired a new position in WisdomTree Alternative Income Fund during the first quarter worth about $1,423,000. Jane Street Group LLC purchased a new stake in WisdomTree Alternative Income Fund during the 1st quarter valued at about $475,000. Delta Investment Management LLC purchased a new stake in WisdomTree Alternative Income Fund during the 4th quarter valued at about $356,000. Finally, Prospera Financial Services Inc acquired a new stake in WisdomTree Alternative Income Fund in the 4th quarter valued at about $344,000.

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.