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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 3,278 shares, a drop of 43.0% from the July 15th total of 5,754 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 634 shares, the days-to-cover ratio is presently 5.2 days.

Institutional Investors Weigh In On First Trust Switzerland AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased 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 during the last quarter. Jane Street Group LLC grew its stake 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 buying an additional 52,346 shares during the period. Susquehanna International Group LLP grew its stake in shares of First Trust Switzerland AlphaDEX Fund by 259.8% in the 3rd quarter. Susquehanna International Group LLP now owns 36,235 shares of the company’s stock valued at $2,784,000 after buying an additional 26,165 shares during the period. Flow Traders U.S. LLC increased its holdings 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 during the 4th quarter valued at approximately $651,000.

First Trust Switzerland AlphaDEX Fund Trading Down 1.1%

NASDAQ:FSZ traded down $0.95 during trading hours on Tuesday, hitting $82.03. The company had a trading volume of 1,246 shares, compared to its average volume of 1,503. The company has a 50-day moving average of $81.96 and a 200 day moving average of $81.91. The company has a market cap of $36.91 million, a P/E ratio of 21.38 and a beta of 0.77. First Trust Switzerland AlphaDEX Fund has a 1 year low of $75.27 and a 1 year high of $86.44.

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 given a dividend of $0.8084 per share. This represents a $3.23 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.54.

Analysts Set New Price Targets

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 data from MarketBeat.com, First Trust Switzerland AlphaDEX Fund presently has a consensus rating of “Moderate Buy” and an average price target of $82.03.

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.