Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Declines By 38.7%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZGet Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,754 shares, a decrease of 38.7% from the June 30th total of 9,388 shares. Based on an average daily trading volume, of 836 shares, the short-interest ratio is currently 6.9 days. Currently, 1.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of First Trust Switzerland AlphaDEX Fund in the third quarter worth about $59,000. Royal Bank of Canada grew its holdings in First Trust Switzerland AlphaDEX Fund by 35.3% during the 4th quarter. Royal Bank of Canada now owns 959 shares of the company’s stock valued at $77,000 after buying an additional 250 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in First Trust Switzerland AlphaDEX Fund in the 4th quarter worth approximately $161,000. Hyposwiss Advisors SA bought a new stake in First Trust Switzerland AlphaDEX Fund in the 4th quarter worth approximately $234,000. Finally, Raymond James Financial Inc. increased its stake in First Trust Switzerland AlphaDEX Fund by 24.9% in the 3rd quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock worth $512,000 after acquiring an additional 1,330 shares during the last quarter.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.44.

Check Out Our Latest Stock Analysis on FSZ

First Trust Switzerland AlphaDEX Fund Price Performance

FSZ opened at $81.44 on Friday. The firm has a market cap of $36.65 million, a P/E 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 $81.74 and a two-hundred day simple moving average of $81.82.

First Trust Switzerland AlphaDEX Fund Increases Dividend

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

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.

Further Reading

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