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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 1,100 shares, a drop of 50.0% from the January 15th total of 2,200 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new position in First Trust Switzerland AlphaDEX Fund during the 4th quarter valued at approximately $105,000. BFI Infinity Ltd. acquired a new position in First Trust Switzerland AlphaDEX Fund during the 4th quarter valued at approximately $208,000. LPL Financial LLC acquired a new position in First Trust Switzerland AlphaDEX Fund during the 4th quarter valued at approximately $311,000. Raymond James Financial Inc. acquired a new position in First Trust Switzerland AlphaDEX Fund during the 4th quarter valued at approximately $328,000. Finally, Stifel Financial Corp boosted its position in First Trust Switzerland AlphaDEX Fund by 12.6% during the 3rd quarter. Stifel Financial Corp now owns 7,073 shares of the company’s stock valued at $499,000 after purchasing an additional 794 shares during the period.

First Trust Switzerland AlphaDEX Fund Price Performance

NASDAQ:FSZ traded up $0.18 during midday trading on Friday, reaching $68.16. 335 shares of the company traded hands, compared to its average volume of 5,321. First Trust Switzerland AlphaDEX Fund has a twelve month low of $60.24 and a twelve month high of $71.34. The firm has a market capitalization of $71.56 million, a price-to-earnings ratio of 18.92 and a beta of 0.86. The company has a fifty day moving average price of $64.68 and a 200 day moving average price of $66.52.

First Trust Switzerland AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.1278 per share. The ex-dividend date was Friday, December 13th.

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.