The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Update

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 8,000 shares, a decrease of 70.7% from the January 31st total of 27,300 shares. Based on an average daily volume of 43,200 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On The Swiss Helvetia Fund

A number of hedge funds have recently made changes to their positions in SWZ. PNC Financial Services Group Inc. increased its position 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 buying an additional 3,694 shares in the last quarter. Bank of America Corp DE increased its position 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 buying an additional 10,795 shares in the last quarter. Logan Stone Capital LLC acquired a new position in The Swiss Helvetia Fund during the 4th quarter valued at about $238,000. Wolverine Asset Management LLC acquired a new position in The Swiss Helvetia Fund during the 4th quarter valued at about $250,000. Finally, Sanctuary Advisors LLC increased its position in The Swiss Helvetia Fund by 7.5% during the 4th quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund’s stock valued at $733,000 after buying 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 Trading Up 0.1 %

Shares of NYSE SWZ traded up $0.01 during mid-day trading on Friday, reaching $8.96. 31,195 shares of the company were exchanged, compared to its average volume of 54,577. The Swiss Helvetia Fund has a 1 year low of $7.49 and a 1 year high of $9.14. The firm has a 50-day moving average of $8.36 and a 200 day moving average of $8.39.

The Swiss Helvetia Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.1458 per share. This is a boost from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date was Tuesday, December 17th.

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.