Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Expands By 16,086.2%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 9,388 shares, a growth of 16,086.2% from the June 15th total of 58 shares. Based on an average trading volume of 3,003 shares, the short-interest ratio is presently 3.1 days. Approximately 2.1% of the shares of the company are short sold.

First Trust Switzerland AlphaDEX Fund Stock Performance

Shares of NASDAQ FSZ traded down $0.39 during midday trading on Friday, reaching $81.66. 137 shares of the company traded hands, compared to its average volume of 1,720. The firm has a market cap of $36.75 million, a PE ratio of 21.38 and a beta of 0.77. The stock’s 50-day simple moving average is $81.73 and its 200-day simple moving average is $81.76. First Trust Switzerland AlphaDEX Fund has a 12 month low of $75.27 and a 12 month high of $86.44.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.8084 dividend. This is a boost from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.54. This represents a $3.23 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.66.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSZ. First Trust Advisors LP grew its holdings in First Trust Switzerland AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 428,728 shares of the company’s stock valued at $32,935,000 after purchasing an additional 82,914 shares during the period. Jane Street Group LLC boosted its position in shares of First Trust Switzerland AlphaDEX Fund by 216.5% during the first quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock worth $5,177,000 after purchasing an additional 52,346 shares in the last quarter. Susquehanna International Group LLP boosted its position in shares of First Trust Switzerland AlphaDEX Fund by 259.8% during the third quarter. Susquehanna International Group LLP now owns 36,235 shares of the company’s stock worth $2,784,000 after purchasing an additional 26,165 shares in the last quarter. Flow Traders U.S. LLC grew its holdings in shares of First Trust Switzerland AlphaDEX Fund by 7.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 16,664 shares of the company’s stock valued at $1,280,000 after buying an additional 1,131 shares during the period. Finally, Climber Capital SA acquired a new position in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at $651,000.

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. FSZ was launched on Feb 14, 2012 and is managed by First Trust.