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 recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 800 shares, an increase of 33.3% from the May 15th total of 600 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of FSZ stock traded down $0.57 during midday trading on Friday, hitting $74.33. The company had a trading volume of 90 shares, compared to its average volume of 3,673. The stock has a market cap of $66.89 million, a price-to-earnings ratio of 20.76 and a beta of 0.86. The company's 50 day simple moving average is $73.21 and its 200 day simple moving average is $68.52. First Trust Switzerland AlphaDEX Fund has a 52-week low of $61.24 and a 52-week high of $77.09.

First Trust Switzerland AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in First Trust Switzerland AlphaDEX Fund by 99.8% during the 1st quarter. Golden State Wealth Management LLC now owns 3,352 shares of the company's stock worth $227,000 after purchasing an additional 1,674 shares during the period. LPL Financial LLC acquired a new position in shares of First Trust Switzerland AlphaDEX Fund during the 4th quarter worth $311,000. Raymond James Financial Inc. purchased a new position in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at about $328,000. Citadel Advisors LLC acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at about $390,000. Finally, Climber Capital SA purchased a new stake in First Trust Switzerland AlphaDEX Fund during the fourth quarter worth about $510,000.

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.