Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Drops By 64.8%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 290 shares, a drop of 64.8% from the December 15th total of 823 shares. Based on an average trading volume of 2,339 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,339 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Switzerland AlphaDEX Fund Trading Up 1.1%

FSZ traded up $0.91 on Thursday, reaching $81.50. The stock had a trading volume of 73 shares, compared to its average volume of 386. First Trust Switzerland AlphaDEX Fund has a fifty-two week low of $61.24 and a fifty-two week high of $81.96. The firm has a 50-day moving average of $78.68 and a 200-day moving average of $78.14. The company has a market capitalization of $44.82 million, a price-to-earnings ratio of 21.38 and a beta of 0.84.

First Trust Switzerland AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.2836 per share. The ex-dividend date was Friday, December 12th. This represents a $1.13 annualized dividend and a yield of 1.4%.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cottonwood Capital Advisors LLC grew its stake in shares of First Trust Switzerland AlphaDEX Fund by 3.5% in the third quarter. Cottonwood Capital Advisors LLC now owns 21,786 shares of the company’s stock worth $1,674,000 after purchasing an additional 735 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 3rd quarter valued at about $59,000. Flow Traders U.S. LLC increased its stake in shares of First Trust Switzerland AlphaDEX Fund by 7.3% in the third quarter. Flow Traders U.S. LLC now owns 16,664 shares of the company’s stock valued at $1,280,000 after buying an additional 1,131 shares during the period. Raymond James Financial Inc. raised its position in shares of First Trust Switzerland AlphaDEX Fund by 24.9% during the third quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock worth $512,000 after acquiring an additional 1,330 shares during the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of First Trust Switzerland AlphaDEX Fund during the second quarter worth about $143,000.

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.