First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Large Decline in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 3,000 shares, a decrease of 9.1% from the March 15th total of 3,300 shares. Based on an average daily trading volume, of 2,500 shares, the short-interest ratio is presently 1.2 days.

First Trust Switzerland AlphaDEX Fund Stock Performance

NASDAQ:FSZ traded up $0.20 during mid-day trading on Wednesday, hitting $60.96. 1,634 shares of the company’s stock traded hands, compared to its average volume of 2,345. The company has a fifty day moving average of $62.93 and a 200 day moving average of $61.26. First Trust Switzerland AlphaDEX Fund has a twelve month low of $54.64 and a twelve month high of $65.42. The company has a market capitalization of $82.30 million, a P/E ratio of 14.17 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSZ. Wells Fargo & Company MN grew its stake in First Trust Switzerland AlphaDEX Fund by 55.4% during the 2nd quarter. Wells Fargo & Company MN now owns 53,230 shares of the company’s stock valued at $3,196,000 after purchasing an additional 18,981 shares during the last quarter. Citadel Advisors LLC grew its stake in First Trust Switzerland AlphaDEX Fund by 95.1% during the 2nd quarter. Citadel Advisors LLC now owns 29,930 shares of the company’s stock valued at $1,797,000 after purchasing an additional 14,587 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust Switzerland AlphaDEX Fund by 1,295.1% during the 2nd quarter. Royal Bank of Canada now owns 15,262 shares of the company’s stock valued at $916,000 after purchasing an additional 14,168 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in First Trust Switzerland AlphaDEX Fund during the 4th quarter valued at about $556,000. Finally, Osaic Holdings Inc. grew its stake in First Trust Switzerland AlphaDEX Fund by 45.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,523 shares of the company’s stock valued at $272,000 after purchasing an additional 1,409 shares during the last quarter.

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.