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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,754 shares, a drop 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 presently 6.9 days. Approximately 1.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Moderate Buy rating, According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.39.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Several large investors have recently bought and sold shares of FSZ. Hyposwiss Advisors SA purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at about $234,000. Royal Bank of Canada grew its position in shares of First Trust Switzerland AlphaDEX Fund by 35.3% during the fourth 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 purchased a new stake in First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at $161,000. Climber Capital SA purchased a new position in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth $651,000. Finally, Genesee Capital Advisors LLC purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at about $552,000.

First Trust Switzerland AlphaDEX Fund Stock Performance

NASDAQ FSZ traded up $2.19 during trading on Thursday, reaching $82.39. 187 shares of the company’s stock were exchanged, compared to its average volume of 1,599. The company has a 50 day moving average price of $81.74 and a two-hundred day moving average price of $81.82. The stock has a market cap of $37.08 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.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.8084 dividend. This represents a $3.23 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.54.

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.