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

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

WisdomTree Alternative Income Fund Stock Performance

HYIN opened at $13.56 on Wednesday. The stock has a market capitalization of $47.46 million, a price-to-earnings ratio of 9.57 and a beta of 0.99. The company has a fifty day moving average of $14.17 and a 200 day moving average of $14.36. WisdomTree Alternative Income Fund has a fifty-two week low of $13.56 and a fifty-two week high of $17.50.

Institutional Investors Weigh In On WisdomTree Alternative Income Fund

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

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. HYIN was launched on May 6, 2021 and is managed by WisdomTree.