First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Significant Increase in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,574 shares, a growth of 122.5% from the August 31st total of 2,505 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,467 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On First Trust Switzerland AlphaDEX Fund

An institutional investor recently bought a new position in First Trust Switzerland AlphaDEX Fund stock. Hyposwiss Advisors SA acquired a new position in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,920 shares of the company’s stock, valued at approximately $234,000. Hyposwiss Advisors SA owned approximately 0.53% of First Trust Switzerland AlphaDEX Fund at the end of the most recent reporting period.

First Trust Switzerland AlphaDEX Fund Trading Up 0.5%

FSZ stock traded up $0.43 during midday trading on Friday, reaching $79.43. 24 shares of the company’s stock traded hands, compared to its average volume of 1,508. 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 $35.74 million, a P/E ratio of 21.38 and a beta of 0.77. The stock’s 50-day moving average is $81.15 and its 200 day moving average is $81.17.

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.