The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 14,500 shares, a growth of 195.9% from the April 30th total of 4,900 shares. Based on an average trading volume of 82,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company's stock are sold short.
Institutional Trading of The Swiss Helvetia Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. North Ground Capital acquired a new stake in shares of The Swiss Helvetia Fund in the first quarter valued at about $44,000. PNC Financial Services Group Inc. grew its stake in The Swiss Helvetia Fund by 144.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock valued at $47,000 after acquiring an additional 3,694 shares in the last quarter. Bank of America Corp DE grew its stake in The Swiss Helvetia Fund by 375.2% during the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $102,000 after acquiring an additional 10,795 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in The Swiss Helvetia Fund in the 4th quarter valued at about $238,000. Finally, Wolverine Asset Management LLC purchased a new position in The Swiss Helvetia Fund in the 4th quarter worth approximately $250,000. Hedge funds and other institutional investors own 41.12% of the company's stock.
The Swiss Helvetia Fund Stock Performance
Shares of SWZ stock remained flat at $6.31 during mid-day trading on Tuesday. The stock had a trading volume of 33,682 shares, compared to its average volume of 42,451. The Swiss Helvetia Fund has a fifty-two week low of $6.01 and a fifty-two week high of $9.43. The business has a fifty day moving average of $7.09 and a two-hundred day moving average of $7.91.
The Swiss Helvetia Fund Cuts Dividend
The firm also recently disclosed a -- dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, April 3rd were given a $3.00 dividend. This represents a dividend yield of 6.4%. The ex-dividend date was Tuesday, April 15th.
About The Swiss Helvetia Fund
(
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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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