The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Update

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 14,100 shares, a decline of 35.0% from the September 30th total of 21,700 shares. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On The Swiss Helvetia Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Logan Stone Capital LLC acquired a new position in shares of The Swiss Helvetia Fund during the 2nd quarter worth $163,000. Wolverine Asset Management LLC lifted its holdings in shares of The Swiss Helvetia Fund by 55.2% in the second quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock worth $292,000 after acquiring an additional 12,874 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of The Swiss Helvetia Fund in the second quarter worth about $678,000. Karpus Management Inc. boosted its stake in shares of The Swiss Helvetia Fund by 22.3% in the 1st quarter. Karpus Management Inc. now owns 223,655 shares of the closed-end fund’s stock valued at $1,774,000 after purchasing an additional 40,825 shares in the last quarter. Finally, Shaker Financial Services LLC grew its holdings in shares of The Swiss Helvetia Fund by 10.8% during the 2nd quarter. Shaker Financial Services LLC now owns 323,974 shares of the closed-end fund’s stock valued at $2,614,000 after purchasing an additional 31,596 shares during the last quarter. 41.12% of the stock is currently owned by institutional investors.

The Swiss Helvetia Fund Trading Down 0.1 %

The Swiss Helvetia Fund stock traded down $0.01 during trading hours on Friday, reaching $8.44. 8,416 shares of the stock were exchanged, compared to its average volume of 17,445. The Swiss Helvetia Fund has a twelve month low of $7.12 and a twelve month high of $9.14. The stock has a 50 day moving average of $8.78 and a two-hundred day moving average of $8.33.

The Swiss Helvetia Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 19th were paid a $0.129 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 6.12%.

The Swiss Helvetia Fund Company Profile

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.