The Swiss Helvetia Fund Inc. (NYSE:SWZ) Sees Significant Increase in Short Interest

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,300 shares, an increase of 48.3% from the February 28th total of 2,900 shares. Based on an average daily trading volume, of 45,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

The Swiss Helvetia Fund Stock Up 0.6 %

The Swiss Helvetia Fund stock traded up $0.06 during mid-day trading on Monday, reaching $9.22. 150,436 shares of the company traded hands, compared to its average volume of 28,160. The Swiss Helvetia Fund has a 52-week low of $7.49 and a 52-week high of $9.29. The firm’s 50 day moving average price is $8.88 and its 200 day moving average price is $8.42.

The Swiss Helvetia Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd will be issued a $3.00 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a yield of 6.4%.

Institutional Trading of The Swiss Helvetia Fund

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in The Swiss Helvetia Fund by 144.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 3,694 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of The Swiss Helvetia Fund by 375.2% in the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock worth $102,000 after buying an additional 10,795 shares during the last quarter. Logan Stone Capital LLC purchased a new stake in The Swiss Helvetia Fund during the fourth quarter valued at approximately $238,000. Wolverine Asset Management LLC bought a new position in shares of The Swiss Helvetia Fund during the 4th quarter valued at approximately $250,000. Finally, Sanctuary Advisors LLC lifted its position in shares of The Swiss Helvetia Fund by 1.6% in the third quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund’s stock valued at $815,000 after acquiring an additional 1,390 shares in the last quarter. 41.12% of the stock is owned by institutional investors.

The Swiss Helvetia Fund Company Profile

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.