First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Sees Large Decline in Short Interest

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 5,600 shares, a drop of 9.7% from the October 31st total of 6,200 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Trading of First Trust Switzerland AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FSZ. Mather Group LLC. acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund in the 2nd quarter worth about $32,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund during the 2nd quarter valued at about $33,000. Stifel Financial Corp boosted its position in First Trust Switzerland AlphaDEX Fund by 12.6% during the third quarter. Stifel Financial Corp now owns 7,073 shares of the company’s stock worth $499,000 after purchasing an additional 794 shares during the period. Cottonwood Capital Advisors LLC increased its position in First Trust Switzerland AlphaDEX Fund by 10.9% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 20,523 shares of the company’s stock worth $1,447,000 after buying an additional 2,022 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of First Trust Switzerland AlphaDEX Fund by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 34,988 shares of the company’s stock valued at $2,256,000 after buying an additional 625 shares during the period.

First Trust Switzerland AlphaDEX Fund Trading Down 0.4 %

Shares of FSZ traded down $0.26 during mid-day trading on Tuesday, reaching $65.59. The company had a trading volume of 127 shares, compared to its average volume of 2,750. The firm has a fifty day simple moving average of $67.51 and a 200-day simple moving average of $66.81. First Trust Switzerland AlphaDEX Fund has a fifty-two week low of $60.24 and a fifty-two week high of $71.34. The stock has a market cap of $81.99 million, a price-to-earnings ratio of 18.92 and a beta of 0.86.

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.