First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Up 16,086.2% in June

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 9,388 shares, a growth of 16,086.2% from the June 15th total of 58 shares. Based on an average daily trading volume, of 3,003 shares, the short-interest ratio is currently 3.1 days. Currently, 2.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, First Trust Switzerland AlphaDEX Fund currently has an average rating of “Moderate Buy” and an average price target of $82.44.

First Trust Switzerland AlphaDEX Fund Stock Performance

Shares of NASDAQ:FSZ traded up $0.40 during trading hours on Friday, hitting $82.44. The stock had a trading volume of 136 shares, compared to its average volume of 1,720. The stock’s fifty day simple moving average is $81.73 and its 200 day simple moving average is $81.76. First Trust Switzerland AlphaDEX Fund has a 1-year low of $75.27 and a 1-year high of $86.44. The firm has a market capitalization of $37.10 million, a price-to-earnings ratio of 21.38 and a beta of 0.77.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.8084 dividend. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.23 dividend on an annualized basis and a yield of 3.9%.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its stake in First Trust Switzerland AlphaDEX Fund by 216.5% during the 1st quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock valued at $5,177,000 after acquiring an additional 52,346 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of First Trust Switzerland AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 428,728 shares of the company’s stock valued at $32,935,000 after purchasing an additional 82,914 shares during the period. Raymond James Financial Inc. increased its holdings 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 valued at $512,000 after purchasing an additional 1,330 shares during the period. Flow Traders U.S. LLC increased its holdings in shares of First Trust Switzerland AlphaDEX Fund by 7.3% during the third quarter. Flow Traders U.S. LLC now owns 16,664 shares of the company’s stock valued at $1,280,000 after purchasing an additional 1,131 shares during the period. Finally, Susquehanna International Group LLP raised its stake in shares of First Trust Switzerland AlphaDEX Fund by 259.8% during the third quarter. Susquehanna International Group LLP now owns 36,235 shares of the company’s stock valued at $2,784,000 after purchasing an additional 26,165 shares in the last quarter.

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.