WisdomTree Alternative Income Fund (BATS:HYIN) Stock Price Down 1.7% – Here’s Why

WisdomTree Alternative Income Fund (BATS:HYIN) traded down 1.7% during trading on Tuesday . The stock traded as low as $18.28 and last traded at $18.29. 140,900 shares traded hands during mid-day trading, The stock had previously closed at $18.60.

WisdomTree Alternative Income Fund Stock Down 2.2 %

The firm has a fifty day moving average of $18.58 and a 200-day moving average of $18.75. The stock has a market capitalization of $16.10 million, a price-to-earnings ratio of 9.91 and a beta of 0.84.

WisdomTree Alternative Income Fund Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 25th were paid a $0.215 dividend. The ex-dividend date was Monday, November 25th. This is a positive change from WisdomTree Alternative Income Fund’s previous dividend of $0.16.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WisdomTree Alternative Income Fund stock. Wedbush Securities Inc. increased its holdings in WisdomTree Alternative Income Fund (BATS:HYIN) by 112.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,094 shares of the company’s stock after purchasing an additional 14,335 shares during the period. Wedbush Securities Inc. owned 3.01% of WisdomTree Alternative Income Fund worth $500,000 as of its most recent SEC filing.

WisdomTree Alternative Income Fund Company Profile

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.