First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Down 38.7% in July

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a large drop in short interest during 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 currently 6.9 days. Approximately 1.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Moderate Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.39.

First Trust Switzerland AlphaDEX Fund Stock Performance

FSZ stock traded up $2.19 during trading on Thursday, reaching $82.39. 187 shares of the company were exchanged, compared to its average volume of 1,599. The stock’s 50 day moving average price is $81.74 and its 200 day moving average price is $81.82. First Trust Switzerland AlphaDEX Fund has a 52-week low of $75.27 and a 52-week high of $86.44. The company 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 of this dividend was Thursday, June 25th. This represents a $3.23 annualized dividend and a dividend yield of 3.9%.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its position in First Trust Switzerland AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 428,728 shares of the company’s stock worth $32,935,000 after purchasing an additional 82,914 shares in the last quarter. Jane Street Group LLC increased its position in shares of First Trust Switzerland AlphaDEX Fund by 216.5% in the first quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock valued at $5,177,000 after buying an additional 52,346 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of First Trust Switzerland AlphaDEX Fund by 259.8% during the 3rd quarter. Susquehanna International Group LLP now owns 36,235 shares of the company’s stock worth $2,784,000 after buying an additional 26,165 shares during the last quarter. Flow Traders U.S. LLC raised its stake in shares of 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 buying an additional 1,131 shares during the last quarter. Finally, Climber Capital SA purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter worth about $651,000.

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.