First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Update

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of First Trust Switzerland AlphaDEX Fund by 35.3% during the fourth 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 period. Advisory Services Network LLC acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 3rd quarter worth about $59,000. Flow Traders U.S. LLC increased its holdings in shares of First Trust Switzerland AlphaDEX Fund by 7.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 16,664 shares of the company’s stock worth $1,280,000 after acquiring an additional 1,131 shares during the period. Raymond James Financial Inc. increased its holdings in shares of First Trust Switzerland AlphaDEX Fund by 24.9% in the 3rd quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock worth $512,000 after acquiring an additional 1,330 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at about $161,000.

Analyst Upgrades and Downgrades

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

First Trust Switzerland AlphaDEX Fund Stock Performance

Shares of NASDAQ FSZ traded up $0.40 during trading on Friday, reaching $82.44. The stock had a trading volume of 136 shares, compared to its average volume of 1,720. The stock has a market cap of $37.10 million, a PE ratio of 21.38 and a beta of 0.77. First Trust Switzerland AlphaDEX Fund has a one year low of $75.27 and a one year high of $86.44. The firm’s 50 day moving average price is $81.73 and its two-hundred day moving average price is $81.76.

First Trust Switzerland AlphaDEX Fund Increases Dividend

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

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.