Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Drops By 60.0%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 116 shares, a decrease of 60.0% from the December 31st total of 290 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 391 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 391 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP boosted its holdings in shares of 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 acquiring an additional 82,914 shares during the period. Jane Street Group LLC raised its stake in First Trust Switzerland AlphaDEX Fund by 216.5% in the first quarter. Jane Street Group LLC now owns 76,521 shares of the company’s stock valued at $5,177,000 after purchasing an additional 52,346 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of First Trust Switzerland AlphaDEX Fund by 259.8% during the 3rd quarter. Susquehanna International Group LLP now owns 36,235 shares of the company’s stock worth $2,784,000 after acquiring an additional 26,165 shares during the period. Genesee Capital Advisors LLC bought a new stake in First Trust Switzerland AlphaDEX Fund during the fourth quarter worth $552,000. Finally, BFI Infinity Ltd. lifted its position in shares of First Trust Switzerland AlphaDEX Fund by 200.0% during the 4th quarter. BFI Infinity Ltd. now owns 3,300 shares of the company’s stock worth $266,000 after buying an additional 6,600 shares during the last quarter.

First Trust Switzerland AlphaDEX Fund Trading Down 1.3%

Shares of NASDAQ:FSZ traded down $1.07 during trading on Friday, hitting $82.74. 85 shares of the company’s stock traded hands, compared to its average volume of 904. First Trust Switzerland AlphaDEX Fund has a 52 week low of $61.24 and a 52 week high of $84.38. The company has a 50-day moving average price of $79.97 and a 200-day moving average price of $78.55. The company has a market cap of $45.51 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 was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.2836 per share. This represents a $1.13 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, December 12th.

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.