First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,278 shares, a decrease of 43.0% from the July 15th total of 5,754 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 634 shares, the days-to-cover ratio is currently 5.2 days.
Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund
Institutional investors and hedge funds have recently made changes to their positions in the business. Hyposwiss Advisors SA purchased a new position in First Trust Switzerland AlphaDEX Fund during the fourth quarter worth $234,000. Royal Bank of Canada lifted its holdings 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 acquiring an additional 250 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter worth about $161,000. Climber Capital SA purchased a new position in shares of First Trust Switzerland AlphaDEX Fund during the 4th quarter worth about $651,000. Finally, Advisory Services Network LLC purchased a new position in shares of First Trust Switzerland AlphaDEX Fund during the 3rd quarter worth about $59,000.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada upgraded 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, Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.15.
First Trust Switzerland AlphaDEX Fund Stock Performance
Shares of FSZ traded down $0.00 during midday trading on Monday, hitting $83.15. 64 shares of the company traded hands, compared to its average volume of 1,514. The firm has a 50 day moving average of $81.91 and a 200-day moving average of $81.92. First Trust Switzerland AlphaDEX Fund has a 52 week low of $75.27 and a 52 week high of $86.44. The stock 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 Increases Dividend
The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change 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 yield of 3.9%.
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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