WisdomTree Alternative Income Fund (BATS:HYIN) Trading Down 0.8% – Time to Sell?

WisdomTree Alternative Income Fund (BATS:HYIN) traded down 0.8% during mid-day trading on Wednesday . The stock traded as low as $17.90 and last traded at $17.98. 56,045 shares were traded during mid-day trading, The stock had previously closed at $18.12.

WisdomTree Alternative Income Fund Stock Down 0.4 %

The firm has a market cap of $16.12 million, a P/E ratio of 9.91 and a beta of 0.84. The company’s 50 day simple moving average is $18.38 and its 200-day simple moving average is $18.71.

WisdomTree Alternative Income Fund Increases Dividend

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

Institutional Trading of WisdomTree Alternative Income Fund

An institutional investor recently raised its position in WisdomTree Alternative Income Fund stock. Wedbush Securities Inc. increased its position in WisdomTree Alternative Income Fund (BATS:HYIN) by 112.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,094 shares of the company’s stock after purchasing an additional 14,335 shares during the quarter. Wedbush Securities Inc. owned approximately 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.