First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Update

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 51 shares, a decrease of 68.5% from the April 30th total of 162 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 513 shares, the short-interest ratio is currently 0.1 days.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of NASDAQ FSZ opened at $83.32 on Monday. The company has a 50 day simple moving average of $80.68 and a 200 day simple moving average of $80.89. The firm has a market cap of $41.66 million, a PE ratio of 21.38 and a beta of 0.77. First Trust Switzerland AlphaDEX Fund has a 1 year low of $74.01 and a 1 year high of $86.44.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.5445 per share. This represents a $2.18 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Moderate Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.32.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in First Trust Switzerland AlphaDEX Fund during the 3rd quarter worth approximately $59,000. Royal Bank of Canada raised its holdings in First Trust Switzerland AlphaDEX Fund by 35.3% during the 4th quarter. Royal Bank of Canada now owns 959 shares of the company’s stock worth $77,000 after purchasing an additional 250 shares during the last quarter. Kestra Advisory Services LLC bought a new position in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth approximately $161,000. Hyposwiss Advisors SA bought a new position in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth approximately $234,000. Finally, BFI Infinity Ltd. raised its holdings in First Trust Switzerland AlphaDEX Fund by 200.0% during the 4th quarter. BFI Infinity Ltd. now owns 3,300 shares of the company’s stock worth $266,000 after purchasing an additional 6,600 shares during the last quarter.

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. FSZ was launched on Feb 14, 2012 and is managed by First Trust.