The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Down 68.8% in July

The Swiss Helvetia Fund Inc. (NYSE:SWZGet Rating) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 5,500 shares, a drop of 68.8% from the June 30th total of 17,600 shares. Based on an average daily volume of 16,700 shares, the short-interest ratio is presently 0.3 days.

The Swiss Helvetia Fund Stock Performance

Shares of SWZ stock traded down $0.08 during mid-day trading on Thursday, hitting $7.82. The company’s stock had a trading volume of 2 shares, compared to its average volume of 17,987. The company’s fifty day simple moving average is $7.89 and its 200-day simple moving average is $8.60. The Swiss Helvetia Fund has a 52 week low of $7.43 and a 52 week high of $10.13.

The Swiss Helvetia Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Tuesday, June 21st were paid a dividend of $0.167 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $0.67 dividend on an annualized basis and a yield of 8.54%.

Hedge Funds Weigh In On The Swiss Helvetia Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC raised its holdings in shares of The Swiss Helvetia Fund by 11.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 12,708 shares of the closed-end fund’s stock worth $126,000 after purchasing an additional 1,318 shares during the period. UBS Group AG raised its holdings in The Swiss Helvetia Fund by 10.5% during the 1st quarter. UBS Group AG now owns 31,172 shares of the closed-end fund’s stock valued at $287,000 after acquiring an additional 2,961 shares during the period. Cetera Investment Advisers raised its holdings in The Swiss Helvetia Fund by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 56,000 shares of the closed-end fund’s stock valued at $516,000 after acquiring an additional 5,800 shares during the period. Bank of America Corp DE raised its holdings in The Swiss Helvetia Fund by 13.6% during the 1st quarter. Bank of America Corp DE now owns 84,108 shares of the closed-end fund’s stock valued at $775,000 after acquiring an additional 10,046 shares during the period. Finally, Wolverine Asset Management LLC raised its holdings in The Swiss Helvetia Fund by 12.5% during the 4th quarter. Wolverine Asset Management LLC now owns 97,133 shares of the closed-end fund’s stock valued at $965,000 after acquiring an additional 10,781 shares during the period. Institutional investors and hedge funds own 31.68% of the company’s stock.

The Swiss Helvetia Fund Company Profile

(Get Rating)

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.

See Also

Receive News & Ratings for The Swiss Helvetia Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Swiss Helvetia Fund and related companies with MarketBeat.com's FREE daily email newsletter.