The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Up 438.9% in November

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 19,400 shares, a growth of 438.9% from the October 31st total of 3,600 shares. Based on an average trading volume of 23,900 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of The Swiss Helvetia Fund

A number of large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of The Swiss Helvetia Fund by 7.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,174,265 shares of the closed-end fund’s stock valued at $17,546,000 after purchasing an additional 148,310 shares during the last quarter. Shaker Financial Services LLC increased its position in The Swiss Helvetia Fund by 1.2% during the third quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund’s stock valued at $2,934,000 after acquiring an additional 3,835 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of The Swiss Helvetia Fund by 1.6% in the third quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund’s stock valued at $815,000 after acquiring an additional 1,390 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of The Swiss Helvetia Fund by 55.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock worth $292,000 after acquiring an additional 12,874 shares during the last quarter. Finally, Logan Stone Capital LLC purchased a new position in shares of The Swiss Helvetia Fund during the 2nd quarter worth about $163,000. 41.12% of the stock is currently owned by institutional investors.

The Swiss Helvetia Fund Trading Up 1.0 %

Shares of SWZ stock traded up $0.08 on Friday, reaching $7.88. The company’s stock had a trading volume of 10,859 shares, compared to its average volume of 18,982. The stock’s fifty day simple moving average is $8.38 and its 200-day simple moving average is $8.38. The Swiss Helvetia Fund has a 1 year low of $7.49 and a 1 year high of $9.14.

The Swiss Helvetia Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 19th were paid a $0.129 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.55%.

About The Swiss Helvetia Fund

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.