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

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 6,100 shares, a decrease of 58.8% from the May 31st total of 14,800 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of The Swiss Helvetia Fund

Several large investors have recently added to or reduced their stakes in the business. 1607 Capital Partners LLC increased its stake in shares of The Swiss Helvetia Fund by 4.0% in the 4th quarter. 1607 Capital Partners LLC now owns 349,903 shares of the closed-end fund’s stock worth $2,869,000 after purchasing an additional 13,457 shares in the last quarter. Shaker Financial Services LLC raised its stake in shares of The Swiss Helvetia Fund by 1.4% in the fourth quarter. Shaker Financial Services LLC now owns 288,658 shares of the closed-end fund’s stock worth $2,367,000 after buying an additional 3,982 shares during the period. Karpus Management Inc. lifted its position in shares of The Swiss Helvetia Fund by 22.3% during the 1st quarter. Karpus Management Inc. now owns 223,655 shares of the closed-end fund’s stock valued at $1,774,000 after buying an additional 40,825 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of The Swiss Helvetia Fund during the 4th quarter valued at approximately $245,000. Finally, AQR Arbitrage LLC increased its holdings in The Swiss Helvetia Fund by 63.9% in the 3rd quarter. AQR Arbitrage LLC now owns 28,529 shares of the closed-end fund’s stock worth $218,000 after acquiring an additional 11,123 shares in the last quarter. 41.12% of the stock is currently owned by institutional investors.

The Swiss Helvetia Fund Price Performance

Shares of SWZ remained flat at $8.07 during trading hours on Friday. The company had a trading volume of 23,664 shares, compared to its average volume of 19,396. The Swiss Helvetia Fund has a one year low of $7.12 and a one year high of $8.57. The firm has a 50 day moving average price of $7.95 and a two-hundred day moving average price of $7.94.

The Swiss Helvetia Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were paid a $0.129 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend was Tuesday, June 18th.

About The Swiss Helvetia Fund

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.