WisdomTree Alternative Income Fund (BATS:HYIN) Shares Down 10% – Here’s What Happened

Shares of WisdomTree Alternative Income Fund (BATS:HYIN) dropped 10% during mid-day trading on Thursday . The stock traded as low as $18.0201 and last traded at $16.14. Approximately 52,636 shares were traded during trading, an increase of 44% from the average daily volume of 36,491 shares. The stock had previously closed at $17.93.

WisdomTree Alternative Income Fund Trading Down 10.2%

The stock has a market capitalization of $56.34 million, a P/E ratio of 9.57 and a beta of 0.99. The firm’s fifty day moving average is $16.19 and its 200-day moving average is $16.86.

Institutional Investors Weigh In On WisdomTree Alternative Income Fund

A number of large investors have recently bought and sold shares of HYIN. Advisory Services Network LLC bought a new position in WisdomTree Alternative Income Fund in the 3rd quarter valued at $45,000. Wedbush Securities Inc. grew its holdings in shares of WisdomTree Alternative Income Fund by 1.7% during the third quarter. Wedbush Securities Inc. now owns 44,769 shares of the company’s stock worth $748,000 after purchasing an additional 750 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of WisdomTree Alternative Income Fund by 126.5% in the second quarter. Cetera Investment Advisers now owns 33,390 shares of the company’s stock valued at $575,000 after buying an additional 18,646 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of WisdomTree Alternative Income Fund in the first quarter valued at $475,000.

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.