Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Drops By 43.0%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,278 shares, a drop of 43.0% from the July 15th total of 5,754 shares. Based on an average daily volume of 634 shares, the short-interest ratio is presently 5.2 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Switzerland AlphaDEX Fund

A number of large investors have recently modified their holdings of the business. First Trust Advisors LP boosted its stake in First Trust Switzerland AlphaDEX Fund by 24.0% in the 3rd quarter. First Trust Advisors LP now owns 428,728 shares of the company’s stock worth $32,935,000 after purchasing an additional 82,914 shares in the last quarter. Jane Street Group LLC lifted its stake 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 buying an additional 52,346 shares during the period. Susquehanna International Group LLP lifted its stake 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 buying an additional 26,165 shares during the period. Flow Traders U.S. LLC grew its holdings in shares of First Trust Switzerland AlphaDEX Fund by 7.3% during the third 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 last quarter. Finally, Climber Capital SA purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund during the fourth quarter valued at $651,000.

First Trust Switzerland AlphaDEX Fund Stock Down 0.0%

Shares of First Trust Switzerland AlphaDEX Fund stock traded down $0.00 during trading on Monday, reaching $83.15. The company’s stock had a trading volume of 64 shares, compared to its average volume of 1,514. The company has a market cap of $37.42 million, a price-to-earnings ratio of 21.38 and a beta of 0.77. First Trust Switzerland AlphaDEX Fund has a 1-year low of $75.27 and a 1-year high of $86.44. The company has a 50-day simple moving average of $81.91 and a two-hundred day simple moving average of $81.92.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.8084 dividend. This represents a $3.23 dividend on an annualized basis and a yield of 3.9%. This is a boost from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, June 25th.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded First Trust Switzerland AlphaDEX Fund to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, First Trust Switzerland AlphaDEX Fund presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.15.

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.