First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Large Growth in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 405 shares, an increase of 249.1% from the January 15th total of 116 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,084 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 1,084 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of First Trust Switzerland AlphaDEX Fund during the third quarter valued at $59,000. MTM Investment Management LLC bought a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 2nd quarter worth approximately $143,000. StoneX Group Inc. acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund during the 2nd quarter valued at $223,000. BFI Infinity Ltd. increased its stake in First Trust Switzerland AlphaDEX Fund by 200.0% in the 4th quarter. BFI Infinity Ltd. now owns 3,300 shares of the company’s stock worth $266,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of First Trust Switzerland AlphaDEX Fund by 24.9% in the 3rd quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock valued at $512,000 after acquiring an additional 1,330 shares in the last quarter.

First Trust Switzerland AlphaDEX Fund Trading Down 0.4%

Shares of NASDAQ:FSZ traded down $0.35 during midday trading on Wednesday, hitting $85.37. The stock had a trading volume of 1,975 shares, compared to its average volume of 1,462. First Trust Switzerland AlphaDEX Fund has a 1 year low of $61.24 and a 1 year high of $85.74. The stock has a 50 day moving average price of $80.94 and a two-hundred day moving average price of $78.77. The company has a market capitalization of $46.95 million, a PE ratio of 21.38 and a beta of 0.84.

First Trust Switzerland AlphaDEX Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.2836 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.13 annualized dividend and a dividend yield of 1.3%.

First Trust Switzerland AlphaDEX Fund Company Profile

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.