The Swiss Helvetia Fund Inc. (NYSE:SWZ) Sees Large Increase in Short Interest

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 19,400 shares, an increase of 438.9% from the October 31st total of 3,600 shares. Based on an average daily volume of 23,900 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of The Swiss Helvetia Fund

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in The Swiss Helvetia Fund by 7.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,174,265 shares of the closed-end fund’s stock worth $17,546,000 after buying an additional 148,310 shares in the last quarter. Shaker Financial Services LLC increased its stake in The Swiss Helvetia Fund by 1.2% during the 3rd quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund’s stock valued at $2,934,000 after buying an additional 3,835 shares during the period. Sanctuary Advisors LLC raised its position in shares of The Swiss Helvetia Fund by 1.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund’s stock worth $815,000 after buying an additional 1,390 shares in the last quarter. Wolverine Asset Management LLC lifted its position in The Swiss Helvetia Fund by 55.2% in the second quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock worth $292,000 after purchasing an additional 12,874 shares during the period. Finally, Logan Stone Capital LLC acquired a new stake in shares of The Swiss Helvetia Fund in the second quarter valued at $163,000. Institutional investors own 41.12% of the company’s stock.

The Swiss Helvetia Fund Price Performance

Shares of NYSE:SWZ traded up $0.08 during trading on Friday, reaching $7.88. 10,859 shares of the company’s stock traded hands, compared to its average volume of 18,982. The Swiss Helvetia Fund has a 12 month low of $7.49 and a 12 month high of $9.14. The company has a 50 day moving average of $8.38 and a 200-day moving average of $8.38.

The Swiss Helvetia Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were given a dividend of $0.129 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date was Thursday, September 19th.

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.