First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Down 64.5% in April

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 162 shares, a decrease of 64.5% from the April 15th total of 456 shares. Based on an average daily volume of 599 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

First Trust Switzerland AlphaDEX Fund Trading Down 0.3%

NASDAQ FSZ traded down $0.26 on Thursday, hitting $81.18. 307 shares of the company were exchanged, compared to its average volume of 1,875. The company has a market cap of $40.59 million, a PE ratio of 21.38 and a beta of 0.77. First Trust Switzerland AlphaDEX Fund has a 12 month low of $73.81 and a 12 month high of $86.44. The stock has a fifty day moving average of $80.60 and a 200-day moving average of $80.51.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.5445 per share. This is a boost from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28. This represents a $2.18 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSZ. Jane Street Group LLC boosted its stake in First Trust Switzerland AlphaDEX Fund by 216.5% during the first quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock worth $5,177,000 after acquiring an additional 52,346 shares in the last quarter. First Trust Advisors LP boosted its stake 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 acquiring an additional 82,914 shares in the last quarter. Raymond James Financial Inc. raised its holdings in First Trust Switzerland AlphaDEX Fund by 24.9% during the third quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock worth $512,000 after buying an additional 1,330 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in First Trust Switzerland AlphaDEX Fund by 7.3% during the third 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, Susquehanna International Group LLP raised its holdings in First Trust Switzerland AlphaDEX Fund by 259.8% during the third 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.

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.