The Swiss Helvetia Fund Inc. (NYSE:SWZ) Sees Significant Growth in Short Interest

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 19,400 shares, a growth of 438.9% from the October 31st total of 3,600 shares. Based on an average trading volume of 23,900 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On The Swiss Helvetia Fund

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of The Swiss Helvetia Fund by 7.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,174,265 shares of the closed-end fund’s stock valued at $17,546,000 after purchasing an additional 148,310 shares in the last quarter. Wolverine Asset Management LLC raised its position in The Swiss Helvetia Fund by 55.2% during the second quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock valued at $292,000 after buying an additional 12,874 shares during the period. Shaker Financial Services LLC lifted its stake in The Swiss Helvetia Fund by 10.8% in the 2nd quarter. Shaker Financial Services LLC now owns 323,974 shares of the closed-end fund’s stock worth $2,614,000 after acquiring an additional 31,596 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in The Swiss Helvetia Fund during the 2nd quarter worth about $163,000. Finally, Sanctuary Advisors LLC purchased a new position in The Swiss Helvetia Fund during the 2nd quarter valued at about $678,000. Institutional investors and hedge funds own 41.12% of the company’s stock.

The Swiss Helvetia Fund Trading Up 1.0 %

SWZ traded up $0.08 during trading on Friday, reaching $7.88. The company had a trading volume of 10,859 shares, compared to its average volume of 18,982. The firm’s 50-day simple moving average is $8.38 and its 200 day simple moving average is $8.38. The Swiss Helvetia Fund has a 12-month low of $7.49 and a 12-month high of $9.14.

The Swiss Helvetia Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were given a $0.129 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend was Thursday, September 19th.

About The Swiss Helvetia Fund

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.