Short Interest in First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Increases By 27.3%

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,800 shares, an increase of 27.3% from the September 30th total of 2,200 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Switzerland AlphaDEX Fund Stock Performance

FSZ stock traded down $0.70 during midday trading on Wednesday, reaching $67.31. The company's stock had a trading volume of 1,380 shares, compared to its average volume of 2,681. The firm has a market capitalization of $84.14 million, a price-to-earnings ratio of 18.92 and a beta of 0.86. First Trust Switzerland AlphaDEX Fund has a 1 year low of $55.19 and a 1 year high of $71.34. The stock has a fifty day simple moving average of $68.93 and a two-hundred day simple moving average of $66.18.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. increased its holdings in First Trust Switzerland AlphaDEX Fund by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 34,988 shares of the company's stock worth $2,256,000 after purchasing an additional 625 shares during the period. International Assets Investment Management LLC bought a new position in shares of First Trust Switzerland AlphaDEX Fund during the 2nd quarter worth $33,000. Finally, Mather Group LLC. purchased a new position in shares of First Trust Switzerland AlphaDEX Fund during the second quarter valued at $32,000.

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.