The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Up 48.3% in March

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,300 shares, a growth of 48.3% from the February 28th total of 2,900 shares. Based on an average daily trading volume, of 45,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

The Swiss Helvetia Fund Stock Performance

Shares of SWZ stock traded up $0.03 on Friday, reaching $9.15. The company had a trading volume of 36,033 shares, compared to its average volume of 27,670. The company has a 50-day moving average of $8.87 and a 200-day moving average of $8.42. The Swiss Helvetia Fund has a 12 month low of $7.49 and a 12 month high of $9.29.

The Swiss Helvetia Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd will be paid a $3.00 dividend. This represents a yield of 6.4%. The ex-dividend date is Tuesday, April 15th.

Institutional Investors Weigh In On The Swiss Helvetia Fund

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC increased its position in shares of The Swiss Helvetia Fund by 1.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund’s stock valued at $815,000 after buying an additional 1,390 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in The Swiss Helvetia Fund in the fourth quarter valued at about $250,000. PNC Financial Services Group Inc. increased its holdings in shares of The Swiss Helvetia Fund by 144.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 3,694 shares in the last quarter. Gardner Russo & Quinn LLC raised its position in shares of The Swiss Helvetia Fund by 1.9% during the fourth quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund’s stock worth $2,163,000 after purchasing an additional 5,451 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of The Swiss Helvetia Fund by 55.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund’s stock valued at $1,119,000 after purchasing an additional 52,989 shares in the last quarter. 41.12% of the stock is currently owned by institutional investors and hedge funds.

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.