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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 900 shares, a decrease of 52.6% from the March 31st total of 1,900 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's shares are short sold.

First Trust Switzerland AlphaDEX Fund Price Performance

FSZ traded up $0.82 during mid-day trading on Monday, hitting $71.37. The stock had a trading volume of 1,126 shares, compared to its average volume of 3,668. The stock's fifty day simple moving average is $67.86 and its 200-day simple moving average is $66.44. The firm has a market capitalization of $64.24 million, a price-to-earnings ratio of 20.83 and a beta of 0.86. First Trust Switzerland AlphaDEX Fund has a 1-year low of $60.24 and a 1-year high of $71.42.

First Trust Switzerland AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.0437 per share. This represents a $0.17 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSZ. Golden State Wealth Management LLC acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund during the fourth quarter worth about $105,000. BFI Infinity Ltd. bought a new stake in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth approximately $208,000. LPL Financial LLC acquired a new stake in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth approximately $311,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at approximately $328,000. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at approximately $390,000.

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.

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