WisdomTree Alternative Income Fund (BATS:HYIN) Shares Down 1.7% – Should You Sell?

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

WisdomTree Alternative Income Fund Stock Performance

The stock has a market cap of $16.10 million, a price-to-earnings ratio of 9.91 and a beta of 0.84. The business’s 50 day moving average is $18.58 and its 200 day moving average is $18.75.

WisdomTree Alternative Income Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 25th were issued a dividend of $0.215 per share. This is an increase from WisdomTree Alternative Income Fund’s previous dividend of $0.16. The ex-dividend date was Monday, November 25th.

Institutional Investors Weigh In On WisdomTree Alternative Income Fund

A hedge fund recently raised its stake in WisdomTree Alternative Income Fund stock. Wedbush Securities Inc. boosted its stake in WisdomTree Alternative Income Fund (BATS:HYIN) by 112.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,094 shares of the company’s stock after buying an additional 14,335 shares during the quarter. Wedbush Securities Inc. owned approximately 3.01% of WisdomTree Alternative Income Fund worth $500,000 at the end of the most recent quarter.

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.