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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 5,600 shares, a drop of 9.7% from the October 31st total of 6,200 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in FSZ. Mather Group LLC. bought a new position in First Trust Switzerland AlphaDEX Fund during the second quarter valued at approximately $32,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Switzerland AlphaDEX Fund in the 2nd quarter worth $33,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of First Trust Switzerland AlphaDEX Fund by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 34,988 shares of the company’s stock worth $2,256,000 after buying an additional 625 shares during the last quarter. Cottonwood Capital Advisors LLC increased its position in First Trust Switzerland AlphaDEX Fund by 10.9% during the third quarter. Cottonwood Capital Advisors LLC now owns 20,523 shares of the company’s stock valued at $1,447,000 after acquiring an additional 2,022 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in First Trust Switzerland AlphaDEX Fund in the third quarter valued at about $2,423,000.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of First Trust Switzerland AlphaDEX Fund stock traded down $0.26 during trading on Tuesday, hitting $65.59. 127 shares of the company’s stock traded hands, compared to its average volume of 2,750. First Trust Switzerland AlphaDEX Fund has a 1 year low of $60.24 and a 1 year high of $71.34. The business has a 50-day simple moving average of $67.58 and a 200-day simple moving average of $66.80. The stock has a market capitalization of $81.99 million, a P/E ratio of 18.92 and a beta of 0.86.

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.