Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Declines By 38.7%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 5,754 shares, a decline of 38.7% from the June 30th total of 9,388 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 836 shares, the short-interest ratio is currently 6.9 days.

Institutional Investors Weigh In On First Trust Switzerland AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of First Trust Switzerland AlphaDEX Fund in the 3rd quarter worth approximately $59,000. Royal Bank of Canada raised its holdings in shares of First Trust Switzerland AlphaDEX Fund by 35.3% in 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in First Trust Switzerland AlphaDEX Fund during the fourth quarter valued at approximately $161,000. Hyposwiss Advisors SA acquired a new stake in First Trust Switzerland AlphaDEX Fund during the fourth quarter valued at approximately $234,000. Finally, Raymond James Financial Inc. boosted its holdings in First Trust Switzerland AlphaDEX Fund by 24.9% during the third quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock worth $512,000 after buying an additional 1,330 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.44.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of First Trust Switzerland AlphaDEX Fund stock traded down $0.95 during trading on Friday, hitting $81.44. The stock had a trading volume of 2,977 shares, compared to its average volume of 1,608. The firm has a market cap of $36.65 million, a P/E ratio of 21.38 and a beta of 0.77. The business has a fifty day moving average of $81.75 and a two-hundred day moving average of $81.83. First Trust Switzerland AlphaDEX Fund has a fifty-two week low of $75.27 and a fifty-two week high of $86.44.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.8084 dividend. This represents a $3.23 annualized dividend and a yield of 4.0%. This is a boost from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, June 25th.

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.