First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 162 shares, a drop of 64.5% from the April 15th total of 456 shares. Based on an average trading volume of 599 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.
Analysts Set New Price Targets
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, Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.11.
Read Our Latest Stock Report on FSZ
First Trust Switzerland AlphaDEX Fund Stock Down 1.6%
First Trust Switzerland AlphaDEX Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.5445 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28.
Institutional Trading of First Trust Switzerland AlphaDEX Fund
A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of First Trust Switzerland AlphaDEX Fund by 35.3% in the 4th quarter. Royal Bank of Canada now owns 959 shares of the company’s stock worth $77,000 after purchasing an additional 250 shares in the last quarter. Advisory Services Network LLC acquired a new stake in First Trust Switzerland AlphaDEX Fund during the 3rd quarter worth about $59,000. Flow Traders U.S. LLC lifted its position in First Trust Switzerland AlphaDEX Fund by 7.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 16,664 shares of the company’s stock worth $1,280,000 after acquiring an additional 1,131 shares during the period. Raymond James Financial Inc. lifted its position in First Trust Switzerland AlphaDEX Fund by 24.9% during 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 period. Finally, Kestra Advisory Services LLC acquired a new stake in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth about $161,000.
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. FSZ was launched on Feb 14, 2012 and is managed by First Trust.
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