The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Update

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 8,400 shares, a drop of 36.8% from the December 31st total of 13,300 shares. Based on an average daily trading volume, of 26,400 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On The Swiss Helvetia Fund

An institutional investor recently raised its position in The Swiss Helvetia Fund stock. Sanctuary Advisors LLC grew its position in The Swiss Helvetia Fund Inc. (NYSE:SWZ) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,021 shares of the closed-end fund’s stock after purchasing an additional 1,390 shares during the period. Sanctuary Advisors LLC owned approximately 0.70% of The Swiss Helvetia Fund worth $815,000 as of its most recent SEC filing. 41.12% of the stock is owned by institutional investors.

The Swiss Helvetia Fund Trading Up 0.3 %

Shares of SWZ stock traded up $0.03 on Wednesday, reaching $8.68. 4,932 shares of the stock were exchanged, compared to its average volume of 81,899. The firm has a 50 day moving average of $7.89 and a two-hundred day moving average of $8.33. The Swiss Helvetia Fund has a 1-year low of $7.49 and a 1-year high of $9.14.

The Swiss Helvetia Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.1458 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.58 annualized dividend and a dividend yield of 6.72%. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13.

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.