The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 29,900 shares, an increase of 30.0% from the March 31st total of 23,000 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 64,300 shares, the days-to-cover ratio is presently 0.5 days.
The Swiss Helvetia Fund Price Performance
Shares of The Swiss Helvetia Fund stock traded up $0.02 during trading hours on Wednesday, reaching $6.28. 9,203 shares of the company's stock were exchanged, compared to its average volume of 39,545. The Swiss Helvetia Fund has a 1 year low of $6.01 and a 1 year high of $9.43. The business has a fifty day moving average of $8.17 and a two-hundred day moving average of $8.17.
The Swiss Helvetia Fund Cuts Dividend
The company also recently declared a -- dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd were paid a dividend of $3.00 per share. This represents a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, April 15th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SWZ. Wolverine Asset Management LLC acquired a new position in The Swiss Helvetia Fund in the 4th quarter valued at about $250,000. PNC Financial Services Group Inc. raised its position in shares of The Swiss Helvetia Fund by 144.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock worth $47,000 after buying an additional 3,694 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of The Swiss Helvetia Fund by 55.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund's stock valued at $1,119,000 after acquiring an additional 52,989 shares in the last quarter. 1607 Capital Partners LLC lifted its holdings in The Swiss Helvetia Fund by 12.8% in the 4th quarter. 1607 Capital Partners LLC now owns 459,592 shares of the closed-end fund's stock worth $3,442,000 after buying an additional 52,228 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in The Swiss Helvetia Fund by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund's stock valued at $733,000 after acquiring an additional 6,858 shares in the last quarter. 41.12% of the stock is currently owned by hedge funds and other institutional investors.
The Swiss Helvetia Fund Company Profile
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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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