First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Short Interest Update

The First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) experienced a notable reduction in short interest throughout December. By December 31st, the short interest had dropped to 1,900 shares, which is a significant decrease of 52.5% from the 4,000 shares reported on December 15th. With an average trading volume of 4,600 shares, the current days-to-cover ratio stands at 0.4 days.

Investors React to First Trust Switzerland AlphaDEX Fund

Recent movements in large investment firms indicate changes in their holdings regarding the First Trust Switzerland AlphaDEX Fund. During the third quarter, Stifel Financial Corp increased its ownership in the fund by 12.6%, bringing its total to 7,073 shares, valued at approximately $499,000 after acquiring an additional 794 shares. Similarly, Cottonwood Capital Advisors LLC raised its stake by 10.9%, now holding 20,523 shares worth about $1,447,000 following an additional purchase of 2,022 shares in the last quarter. Additionally, Benjamin Edwards Inc. initiated a new position in the fund during the same quarter, with an investment valued at around $2,423,000. Meanwhile, Benjamin F. Edwards & Company Inc. improved its investment by 1.8% in the second quarter, now possessing 34,988 shares valued at $2,256,000 after buying an extra 625 shares last quarter.

Price Movement of First Trust Switzerland AlphaDEX Fund

During trading hours on a recent Tuesday, the FSZ stock price saw an increase of $0.13, reaching $62.60. A total of 1,221 shares changed hands, compared to the average trading volume of 10,315 shares. The current market capitalization of the company is $75.12 million, with a price-to-earnings ratio (P/E) of 18.92 and a beta of 0.86. The fund's 50-day moving average sits at $64.50, while its 200-day moving average is $66.46. Over the past year, the stock recorded a low of $60.24 and a high of $71.34.

Dividend Announcement by First Trust Switzerland AlphaDEX Fund

The First Trust Switzerland AlphaDEX Fund also recently declared a dividend, which was disbursed on the last day of December. Shareholders who were on record by Friday, December 13th, received a dividend amounting to $0.1278 per share. The ex-dividend date for this dividend was likewise December 13th.

About First Trust Switzerland AlphaDEX Fund

The First Trust Switzerland AlphaDEX Fund (FSZ) is an exchange-traded fund that reflects the performance of the NASDAQ AlphaDEX Switzerland index. This fund is structured to track a tiered, equal-weighted index comprising 40 Swiss companies selected from the NASDAQ Switzerland Index, aiming to outperform the market through a quantitative methodology.

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This news report was generated using advanced technology and financial data. The editorial team has reviewed the content prior to publication. Please direct any inquiries or feedback to the relevant contact.

Should You Invest in First Trust Switzerland AlphaDEX Fund Now?

If you are considering an investment in the First Trust Switzerland AlphaDEX Fund, it is advised to stay informed. Research analysts on Wall Street track the best performing stocks daily. Currently, First Trust Switzerland AlphaDEX Fund has a rating of "Hold" among these analysts, but they recommend other stocks that might offer more potential returns.

Short, Investment, Dividend