First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Down 64.5% in April

by · The Cerbat Gem

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 162 shares, a decrease of 64.5% from the April 15th total of 456 shares. Based on an average daily trading volume, of 599 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the third quarter valued at about $59,000. Royal Bank of Canada raised its holdings in shares of First Trust Switzerland AlphaDEX Fund by 35.3% in the fourth quarter. Royal Bank of Canada now owns 959 shares of the company’s stock valued at $77,000 after purchasing an additional 250 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at about $161,000. Hyposwiss Advisors SA purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at about $234,000. Finally, BFI Infinity Ltd. raised its holdings in shares of First Trust Switzerland AlphaDEX Fund by 200.0% in the fourth quarter. BFI Infinity Ltd. now owns 3,300 shares of the company’s stock valued at $266,000 after purchasing an additional 6,600 shares during the last quarter.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of FSZ stock traded down $0.26 on Thursday, hitting $81.18. The stock had a trading volume of 307 shares, compared to its average volume of 1,875. The business has a 50 day moving average of $80.60 and a 200 day moving average of $80.51. The stock has a market cap of $40.59 million, a price-to-earnings ratio of 21.38 and a beta of 0.77. First Trust Switzerland AlphaDEX Fund has a 12-month low of $73.81 and a 12-month high of $86.44.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.5445 dividend. This is an increase from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28. This represents a $2.18 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, March 26th.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Moderate Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.18.

Read Our Latest Report on FSZ

About First Trust Switzerland AlphaDEX Fund

(Get Free Report)

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.

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