The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Update

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 11,500 shares, a decrease of 50.9% from the August 15th total of 23,400 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of The Swiss Helvetia Fund

Several hedge funds have recently bought and sold shares of SWZ. Logan Stone Capital LLC purchased a new stake in shares of The Swiss Helvetia Fund during the 2nd quarter valued at about $163,000. Wolverine Asset Management LLC boosted its stake in shares of The Swiss Helvetia Fund by 55.2% during the second quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock valued at $292,000 after purchasing an additional 12,874 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in The Swiss Helvetia Fund during the second quarter valued at approximately $678,000. Karpus Management Inc. lifted its position in The Swiss Helvetia Fund by 554.8% during the fourth quarter. Karpus Management Inc. now owns 182,830 shares of the closed-end fund’s stock valued at $1,499,000 after acquiring an additional 154,910 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its position in The Swiss Helvetia Fund by 10.8% during the second quarter. Shaker Financial Services LLC now owns 323,974 shares of the closed-end fund’s stock valued at $2,614,000 after acquiring an additional 31,596 shares during the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.

The Swiss Helvetia Fund Trading Up 0.2 %

The Swiss Helvetia Fund stock traded up $0.02 during mid-day trading on Friday, hitting $8.82. The stock had a trading volume of 1,618 shares, compared to its average volume of 17,380. The firm’s 50 day moving average is $8.56 and its 200 day moving average is $8.13. The Swiss Helvetia Fund has a one year low of $7.12 and a one year high of $9.02.

The Swiss Helvetia Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 19th will be issued a $0.129 dividend. This represents a $0.52 annualized dividend and a yield of 5.85%. The ex-dividend date is Thursday, September 19th.

The Swiss Helvetia Fund Company Profile

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.