First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Significant Increase in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,100 shares, a growth of 105.0% from the June 30th total of 2,000 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 1.3 days.

First Trust Switzerland AlphaDEX Fund Trading Up 0.3 %

FSZ stock traded up $0.23 during mid-day trading on Friday, hitting $66.07. 33 shares of the company were exchanged, compared to its average volume of 2,689. The business has a 50 day simple moving average of $65.48 and a 200-day simple moving average of $63.63. The stock has a market capitalization of $82.59 million, a PE ratio of 18.92 and a beta of 0.86. First Trust Switzerland AlphaDEX Fund has a 1-year low of $54.64 and a 1-year high of $67.14.

First Trust Switzerland AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, June 27th. This represents a $4.00 annualized dividend and a yield of 6.05%.

Institutional Investors Weigh In On First Trust Switzerland AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in First Trust Switzerland AlphaDEX Fund during the second quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. lifted its position in First Trust Switzerland AlphaDEX Fund by 2.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 34,363 shares of the company’s stock worth $2,189,000 after acquiring an additional 719 shares during the last quarter. Syon Capital LLC acquired a new stake in First Trust Switzerland AlphaDEX Fund during the fourth quarter worth approximately $1,977,000. Finally, International Assets Investment Management LLC acquired a new stake in First Trust Switzerland AlphaDEX Fund during the fourth quarter worth approximately $2,132,000.

About First Trust Switzerland AlphaDEX Fund

The First Trust Switzerland AlphaDEX Fund (FSZ) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Switzerland index. The fund tracks a tiered, equal-weighted index of 40 Swiss companies selected from the NASDAQ Switzerland Index. It aims to outperform the broader market using a quant-based methodology.