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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 6,500 shares, a growth of 160.0% from the July 31st total of 2,500 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in First Trust Switzerland AlphaDEX Fund by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 34,988 shares of the company’s stock worth $2,256,000 after purchasing an additional 625 shares during the last quarter. International Assets Investment Management LLC bought a new stake in First Trust Switzerland AlphaDEX Fund during the 2nd quarter worth about $33,000. Mather Group LLC. bought a new stake in First Trust Switzerland AlphaDEX Fund during the 2nd quarter worth about $32,000. Finally, Syon Capital LLC bought a new stake in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth about $1,977,000.

First Trust Switzerland AlphaDEX Fund Trading Down 0.8 %

NASDAQ FSZ traded down $0.59 on Thursday, hitting $68.88. 11 shares of the company were exchanged, compared to its average volume of 2,904. The firm has a 50 day moving average of $66.07 and a two-hundred day moving average of $64.38. The company has a market cap of $86.10 million, a P/E 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 $69.47.

First Trust Switzerland AlphaDEX Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $4.00 annualized dividend and a yield of 5.81%.

First Trust Switzerland AlphaDEX Fund Company Profile

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.