Short Interest in The Swiss Helvetia Fund Inc. (NYSE:SWZ) Declines By 36.8%

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

The Swiss Helvetia Fund Trading Up 5.7 %

SWZ stock opened at $8.04 on Tuesday. The Swiss Helvetia Fund has a 52-week low of $7.49 and a 52-week high of $9.14. The business has a 50-day simple moving average of $7.79 and a two-hundred day simple moving average of $8.31.

The Swiss Helvetia Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.1458 per share. This is a boost from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, December 17th. This represents a $0.58 annualized dividend and a dividend yield of 7.25%.

Institutional Investors Weigh In On The Swiss Helvetia Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Logan Stone Capital LLC purchased a new position in The Swiss Helvetia Fund during the 2nd quarter worth $163,000. Sanctuary Advisors LLC purchased a new position in The Swiss Helvetia Fund during the second quarter worth about $678,000. Finally, Shaker Financial Services LLC grew its position in The Swiss Helvetia Fund by 1.2% in the 3rd quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund’s stock worth $2,934,000 after purchasing an additional 3,835 shares in the last quarter. 41.12% of the stock is owned by hedge funds and other institutional investors.

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.