First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Large Drop in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) experienced a significant 31% drop in short interest in December, totaling 4,000 shares as of December 15th. The short-interest ratio is currently 1.2 days based on an average daily trading volume of 3,300 shares. The fund's shares traded down to $63.35, with a market cap of $79.19 million. Additionally, a dividend of $0.1278 will be paid on December 31st to shareholders of record as of December 13th.

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ - Get Free Report) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 4,000 shares, a decline of 31.0% from the November 30th total of 5,800 shares. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

A number of large investors have recently modified their holdings of FSZ. Benjamin F. Edwards & Company Inc. grew its holdings in First Trust Switzerland AlphaDEX Fund by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 34,988 shares of the company's stock worth $2,256,000 after buying an additional 625 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in First Trust Switzerland AlphaDEX Fund during the 3rd quarter worth $2,423,000. Cottonwood Capital Advisors LLC grew its stake in shares of First Trust Switzerland AlphaDEX Fund by 10.9% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 20,523 shares of the company's stock worth $1,447,000 after acquiring an additional 2,022 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of First Trust Switzerland AlphaDEX Fund by 12.6% in the third quarter. Stifel Financial Corp now owns 7,073 shares of the company's stock valued at $499,000 after purchasing an additional 794 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of First Trust Switzerland AlphaDEX Fund during the second quarter valued at about $33,000.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of NASDAQ:FSZ traded down $0.32 during mid-day trading on Friday, hitting $63.35. The company had a trading volume of 88 shares, compared to its average volume of 2,878. First Trust Switzerland AlphaDEX Fund has a one year low of $60.24 and a one year high of $71.34. The firm has a fifty day moving average price of $65.63 and a 200 day moving average price of $66.67. The company has a market capitalization of $79.19 million, a PE ratio of 18.92 and a beta of 0.86.

First Trust Switzerland AlphaDEX Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.1278 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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.

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