Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Grows By 31.7%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 823 shares, a growth of 31.7% from the November 30th total of 625 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 835 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 835 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Switzerland AlphaDEX Fund Price Performance

FSZ stock traded down $0.13 during trading hours on Tuesday, reaching $80.48. 80 shares of the stock were exchanged, compared to its average volume of 5,257. The firm’s 50-day moving average is $77.81 and its 200-day moving average is $77.71. First Trust Switzerland AlphaDEX Fund has a 12 month low of $61.24 and a 12 month high of $81.18. The company has a market cap of $44.26 million, a price-to-earnings ratio of 21.38 and a beta of 0.84.

First Trust Switzerland AlphaDEX Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.2836 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its position in shares of First Trust Switzerland AlphaDEX Fund by 24.0% in the third quarter. First Trust Advisors LP now owns 428,728 shares of the company’s stock valued at $32,935,000 after purchasing an additional 82,914 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of First Trust Switzerland AlphaDEX Fund by 216.5% during the 1st quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock worth $5,177,000 after acquiring an additional 52,346 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of First Trust Switzerland AlphaDEX Fund by 259.8% in the 3rd quarter. Susquehanna International Group LLP now owns 36,235 shares of the company’s stock valued at $2,784,000 after purchasing an additional 26,165 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of First Trust Switzerland AlphaDEX Fund by 7.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 16,664 shares of the company’s stock worth $1,280,000 after buying an additional 1,131 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of First Trust Switzerland AlphaDEX Fund by 24.9% during the 3rd quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock valued at $512,000 after purchasing an additional 1,330 shares during the last quarter.

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.