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

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 3,000 shares, a decline of 9.1% from the March 15th total of 3,300 shares. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 1.2 days.

First Trust Switzerland AlphaDEX Fund Price Performance

Shares of FSZ stock traded up $0.20 on Wednesday, hitting $60.96. The company’s stock had a trading volume of 1,634 shares, compared to its average volume of 2,345. First Trust Switzerland AlphaDEX Fund has a fifty-two week low of $54.64 and a fifty-two week high of $65.42. The firm’s fifty day moving average price is $62.93 and its 200-day moving average price is $61.26. The stock has a market capitalization of $82.30 million, a price-to-earnings ratio of 14.17 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in First Trust Switzerland AlphaDEX Fund by 45.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,523 shares of the company’s stock worth $272,000 after acquiring an additional 1,409 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of First Trust Switzerland AlphaDEX Fund during the 4th quarter worth about $265,000. Foundations Investment Advisors LLC bought a new position in shares of First Trust Switzerland AlphaDEX Fund during the 3rd quarter worth about $243,000. Goldman Sachs Group Inc. bought a new position in shares of First Trust Switzerland AlphaDEX Fund during the 4th quarter worth about $556,000. Finally, Royal Bank of Canada increased its holdings in shares of First Trust Switzerland AlphaDEX Fund by 1,295.1% during the 2nd quarter. Royal Bank of Canada now owns 15,262 shares of the company’s stock worth $916,000 after purchasing an additional 14,168 shares during the period.

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.