First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Update

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 51 shares, a decline of 68.5% from the April 30th total of 162 shares. Based on an average daily trading volume, of 513 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Switzerland AlphaDEX Fund Trading Up 1.1%

NASDAQ FSZ traded up $0.90 during trading hours on Friday, hitting $83.32. 75 shares of the company’s stock were exchanged, compared to its average volume of 1,803. The firm has a market cap of $41.66 million, a price-to-earnings ratio of 21.38 and a beta of 0.77. The stock has a 50-day simple moving average of $80.68 and a 200 day simple moving average of $80.86. First Trust Switzerland AlphaDEX Fund has a 1-year low of $74.01 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, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.5445 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, March 26th. This is a boost from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upgraded First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.32.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in 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 buying an additional 250 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of First Trust Switzerland AlphaDEX Fund during the third quarter valued at about $59,000. Flow Traders U.S. LLC increased its position in shares of 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 acquiring an additional 1,131 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of 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 acquiring an additional 1,330 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter worth about $161,000.

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.