Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Declines By 64.5%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 162 shares, a decrease of 64.5% from the April 15th total of 456 shares. Based on an average daily volume of 599 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

Several large investors have recently made changes to their positions in the business. Hyposwiss Advisors SA purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at $234,000. Royal Bank of Canada boosted its holdings in shares of First Trust Switzerland AlphaDEX Fund by 35.3% in the 4th quarter. Royal Bank of Canada now owns 959 shares of the company’s stock valued at $77,000 after acquiring an additional 250 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at $161,000. Climber Capital SA purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at $651,000. Finally, Genesee Capital Advisors LLC purchased a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at $552,000.

First Trust Switzerland AlphaDEX Fund Price Performance

First Trust Switzerland AlphaDEX Fund stock traded down $1.34 during mid-day trading on Friday, reaching $80.11. 618 shares of the company traded hands, compared to its average volume of 1,861. First Trust Switzerland AlphaDEX Fund has a fifty-two week low of $73.81 and a fifty-two week high of $86.44. The company has a market capitalization of $40.06 million, a price-to-earnings ratio of 21.38 and a beta of 0.77. The firm’s fifty day moving average is $80.55 and its two-hundred day moving average is $80.50.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.5445 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Moderate Buy rating, Based on data from MarketBeat, First Trust Switzerland AlphaDEX Fund has an average rating of “Moderate Buy” and an average target price of $80.11.

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.