WisdomTree Alternative Income Fund (BATS:HYIN) Trading 1.3% Higher – Still a Buy?

WisdomTree Alternative Income Fund (BATS:HYIN)’s share price rose 1.3% during trading on Monday . The stock traded as high as $18.20 and last traded at $18.17. Approximately 52,636 shares were traded during trading, an increase of 78% from the average daily volume of 29,593 shares. The stock had previously closed at $17.93.

WisdomTree Alternative Income Fund Stock Up 1.3 %

The firm’s 50-day moving average price is $18.25 and its 200 day moving average price is $18.49. The firm has a market cap of $57.42 million, a P/E ratio of 8.58 and a beta of 1.04.

Hedge Funds Weigh In On WisdomTree Alternative Income Fund

A hedge fund recently raised its stake in WisdomTree Alternative Income Fund stock. Wedbush Securities Inc. lifted its position in shares of WisdomTree Alternative Income Fund (BATS:HYIN) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,694 shares of the company’s stock after acquiring an additional 800 shares during the period. Wedbush Securities Inc. owned 3.30% of WisdomTree Alternative Income Fund worth $533,000 as of its most recent filing with the SEC.

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.