Short Interest in WisdomTree Alternative Income Fund (BATS:HYIN) Drops By 39.3%

WisdomTree Alternative Income Fund (BATS:HYIN) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 28,354 shares, a decline of 39.3% from the August 15th total of 46,741 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 14,270 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On WisdomTree Alternative Income Fund

Institutional investors have recently made changes to their positions in the company. Uhlmann Price Securities LLC bought a new stake in shares of WisdomTree Alternative Income Fund during the first quarter valued at approximately $1,423,000. Cetera Investment Advisers boosted its stake in WisdomTree Alternative Income Fund by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 67,011 shares of the company’s stock valued at $966,000 after purchasing an additional 9,860 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in WisdomTree Alternative Income Fund during the 4th quarter valued at $344,000. Finally, WealthPLAN Partners LLC increased its holdings in shares of WisdomTree Alternative Income Fund by 35.9% in the 1st quarter. WealthPLAN Partners LLC now owns 19,341 shares of the company’s stock worth $279,000 after purchasing an additional 5,109 shares in the last quarter.

WisdomTree Alternative Income Fund Stock Performance

Shares of HYIN stock opened at $13.56 on Wednesday. WisdomTree Alternative Income Fund has a one year low of $13.56 and a one year high of $17.50. The company’s 50-day moving average is $14.17 and its 200 day moving average is $14.36. The company has a market capitalization of $47.46 million, a price-to-earnings ratio of 9.57 and a beta of 0.99.

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.