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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 51 shares, a drop of 68.5% from the April 30th total of 162 shares. Based on an average trading volume of 513 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Switzerland AlphaDEX Fund Trading Up 1.1%

FSZ traded up $0.90 during trading hours on Friday, hitting $83.32. The company’s stock had a trading volume of 75 shares, compared to its average volume of 1,803. The business’s 50-day moving average price is $80.68 and its 200-day moving average price is $80.89. The stock has a market cap of $41.66 million, a price-to-earnings ratio of 21.38 and a beta of 0.77. First Trust Switzerland AlphaDEX Fund has a 12 month low of $74.01 and a 12 month high of $86.44.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28. This represents a $2.18 annualized dividend and a yield of 2.6%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSZ. First Trust Advisors LP boosted its stake in First Trust Switzerland AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 428,728 shares of the company’s stock worth $32,935,000 after buying an additional 82,914 shares during the period. Jane Street Group LLC boosted its stake in First Trust Switzerland AlphaDEX Fund by 216.5% during the first quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock worth $5,177,000 after buying an additional 52,346 shares during the period. Susquehanna International Group LLP boosted its stake in First Trust Switzerland AlphaDEX Fund by 259.8% during the third quarter. Susquehanna International Group LLP now owns 36,235 shares of the company’s stock worth $2,784,000 after buying an additional 26,165 shares during the period. Climber Capital SA purchased a new position in First Trust Switzerland AlphaDEX Fund during the fourth quarter worth $651,000. Finally, Genesee Capital Advisors LLC purchased a new position in First Trust Switzerland AlphaDEX Fund during the fourth quarter worth $552,000.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.32.

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.