First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Down 43.0% in July

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,278 shares, a decrease of 43.0% from the July 15th total of 5,754 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 634 shares, the short-interest ratio is presently 5.2 days.

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 investment analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.59.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

Large investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of First Trust Switzerland AlphaDEX Fund in the 3rd quarter valued at $59,000. Royal Bank of Canada boosted its position in 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 purchasing an additional 250 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at about $161,000. Hyposwiss Advisors SA bought a new position in First Trust Switzerland AlphaDEX Fund in the fourth quarter worth about $234,000. Finally, Raymond James Financial Inc. lifted its position in shares of First Trust Switzerland AlphaDEX Fund by 24.9% during the third quarter. Raymond James Financial Inc. now owns 6,666 shares of the company’s stock valued at $512,000 after buying an additional 1,330 shares during the last quarter.

First Trust Switzerland AlphaDEX Fund Trading Up 0.7%

First Trust Switzerland AlphaDEX Fund stock opened at $82.59 on Wednesday. First Trust Switzerland AlphaDEX Fund has a 12-month low of $75.27 and a 12-month high of $86.44. The firm has a 50-day moving average price of $81.99 and a 200-day moving average price of $81.91. The firm has a market capitalization of $37.17 million, a PE ratio of 21.38 and a beta of 0.77.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.8084 per share. This represents a $3.23 dividend on an annualized basis and a yield of 3.9%. 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.

About First Trust Switzerland AlphaDEX Fund

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.