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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,574 shares, a growth of 122.5% from the August 31st total of 2,505 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,467 shares, the short-interest ratio is presently 1.6 days.

First Trust Switzerland AlphaDEX Fund Stock Up 0.5%

Shares of NASDAQ FSZ traded up $0.43 during midday trading on Friday, hitting $79.43. The stock had a trading volume of 24 shares, compared to its average volume of 1,508. The business’s 50 day moving average is $81.15 and its 200-day moving average is $81.17. First Trust Switzerland AlphaDEX Fund has a 52 week low of $75.27 and a 52 week high of $86.44. The company has a market cap of $35.74 million, a P/E ratio of 21.38 and a beta of 0.77.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

An institutional investor recently bought a new position in First Trust Switzerland AlphaDEX Fund stock. Hyposwiss Advisors SA acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,920 shares of the company’s stock, valued at approximately $234,000. Hyposwiss Advisors SA owned about 0.53% of First Trust Switzerland AlphaDEX Fund as of its most recent SEC filing.

About First Trust Switzerland AlphaDEX Fund

(Get Free Report)

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.

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