The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Up 525.5% in March

The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 29,400 shares, a growth of 525.5% from the March 15th total of 4,700 shares. Based on an average trading volume of 152,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SWZ. Allspring Global Investments Holdings LLC lifted its stake in The Swiss Helvetia Fund by 17.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,102,344 shares of the closed-end fund's stock valued at $16,062,000 after buying an additional 306,680 shares in the last quarter. Karpus Management Inc. lifted its stake in The Swiss Helvetia Fund by 554.8% in the 4th quarter. Karpus Management Inc. now owns 182,830 shares of the closed-end fund's stock valued at $1,499,000 after buying an additional 154,910 shares in the last quarter. Cetera Investment Advisers purchased a new position in The Swiss Helvetia Fund in the 4th quarter valued at about $400,000. Envestnet Asset Management Inc. purchased a new position in The Swiss Helvetia Fund in the 3rd quarter valued at about $287,000. Finally, Wolverine Asset Management LLC purchased a new position in The Swiss Helvetia Fund in the 4th quarter valued at about $245,000. 41.12% of the stock is owned by hedge funds and other institutional investors.

The Swiss Helvetia Fund Price Performance

Shares of NYSE:SWZ traded down $0.08 during trading on Wednesday, reaching $7.65. 33,905 shares of the company's stock traded hands, compared to its average volume of 14,539. The Swiss Helvetia Fund has a fifty-two week low of $7.12 and a fifty-two week high of $8.57. The company has a 50-day simple moving average of $7.89 and a 200-day simple moving average of $7.79.

The Swiss Helvetia Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.129 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend was Monday, March 18th.

The Swiss Helvetia Fund Company Profile

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.

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