First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Up 16,086.2% in June

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 9,388 shares, a growth of 16,086.2% from the June 15th total of 58 shares. Based on an average trading volume of 3,003 shares, the short-interest ratio is presently 3.1 days. Currently, 2.1% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in shares of First Trust Switzerland AlphaDEX Fund by 216.5% in the 1st quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock valued at $5,177,000 after purchasing an additional 52,346 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of First Trust Switzerland AlphaDEX Fund by 24.0% during the 3rd quarter. First Trust Advisors LP now owns 428,728 shares of the company’s stock worth $32,935,000 after buying an additional 82,914 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of First Trust Switzerland AlphaDEX Fund by 24.9% during the 3rd 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 in the last quarter. Flow Traders U.S. LLC lifted its position 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, Susquehanna International Group LLP lifted its position 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.

First Trust Switzerland AlphaDEX Fund Trading Down 0.5%

Shares of NASDAQ:FSZ traded down $0.39 on Friday, reaching $81.66. 137 shares of the company’s stock were exchanged, compared to its average volume of 1,720. The company has a fifty day moving average of $81.73 and a 200-day moving average of $81.76. First Trust Switzerland AlphaDEX Fund has a twelve month low of $75.27 and a twelve month high of $86.44. The company has a market capitalization of $36.75 million, a price-to-earnings ratio of 21.38 and a beta of 0.77.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.8084 per share. This is an increase from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.54. This represents a $3.23 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.66.

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. FSZ was launched on Feb 14, 2012 and is managed by First Trust.