First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Significant Drop in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 4,000 shares, a drop of 31.0% from the November 30th total of 5,800 shares. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is currently 1.2 days.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of FSZ stock traded down $0.27 during trading hours on Monday, reaching $63.08. The stock had a trading volume of 6,263 shares, compared to its average volume of 2,892. The firm has a market capitalization of $78.85 million, a PE ratio of 18.92 and a beta of 0.86. The firm has a 50-day simple moving average of $65.51 and a 200-day simple moving average of $66.66. First Trust Switzerland AlphaDEX Fund has a twelve month low of $60.24 and a twelve month high of $71.34.

First Trust Switzerland AlphaDEX Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.1278 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FSZ. Benjamin F. Edwards & Company Inc. lifted its holdings in First Trust Switzerland AlphaDEX Fund by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 34,988 shares of the company’s stock worth $2,256,000 after purchasing an additional 625 shares during the period. Benjamin Edwards Inc. acquired a new position in First Trust Switzerland AlphaDEX Fund during the 3rd quarter valued at about $2,423,000. Cottonwood Capital Advisors LLC raised its position in shares of First Trust Switzerland AlphaDEX Fund by 10.9% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 20,523 shares of the company’s stock worth $1,447,000 after buying an additional 2,022 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of First Trust Switzerland AlphaDEX Fund by 12.6% in the 3rd quarter. Stifel Financial Corp now owns 7,073 shares of the company’s stock worth $499,000 after acquiring an additional 794 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of First Trust Switzerland AlphaDEX Fund in the second quarter valued at approximately $33,000.

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.