First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Significant Increase in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,574 shares, an increase of 122.5% from the August 31st total of 2,505 shares. Based on an average daily trading volume, of 3,467 shares, the short-interest ratio is currently 1.6 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Switzerland AlphaDEX Fund

An institutional investor recently bought a new position in First Trust Switzerland AlphaDEX Fund stock. Hyposwiss Advisors SA purchased a new stake in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,920 shares of the company’s stock, valued at approximately $234,000. Hyposwiss Advisors SA owned about 0.53% of First Trust Switzerland AlphaDEX Fund at the end of the most recent reporting period.

First Trust Switzerland AlphaDEX Fund Stock Performance

FSZ traded down $0.27 on Monday, hitting $79.16. 265 shares of the company were exchanged, compared to its average volume of 1,501. First Trust Switzerland AlphaDEX Fund has a 12 month low of $75.27 and a 12 month high of $86.44. The company has a market cap of $35.62 million, a PE ratio of 21.38 and a beta of 0.77. The stock’s fifty day moving average is $81.15 and its 200-day moving average is $81.16.

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.