The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,400 shares, a drop of 36.8% from the December 15th total of 13,300 shares. Based on an average trading volume of 26,400 shares, the short-interest ratio is presently 0.3 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its position 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. Shaker Financial Services LLC boosted its holdings in The Swiss Helvetia Fund by 1.2% in the 3rd quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund's stock valued at $2,934,000 after purchasing an additional 3,835 shares during the period. Finally, Logan Stone Capital LLC acquired a new position in shares of The Swiss Helvetia Fund during the 2nd quarter worth approximately $163,000. 41.12% of the stock is owned by institutional investors and hedge funds.
The Swiss Helvetia Fund Trading Up 0.6 %
Shares of NYSE:SWZ traded up $0.05 during trading on Tuesday, reaching $8.10. 43,997 shares of the stock were exchanged, compared to its average volume of 49,612. The Swiss Helvetia Fund has a 12 month low of $7.49 and a 12 month high of $9.14. The stock has a 50-day moving average price of $7.79 and a 200-day moving average price of $8.31.
The Swiss Helvetia Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.1458 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from The Swiss Helvetia Fund's previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 7.20%.
About The Swiss Helvetia Fund
(
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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.
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