The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) was the target of a significant growth in short interest during 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of The Swiss Helvetia Fund
Several institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC raised its stake 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 bought a new stake in The Swiss Helvetia Fund in the fourth quarter valued at about $250,000. PNC Financial Services Group Inc. raised its position in 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 purchasing an additional 3,694 shares in the last quarter. Gardner Russo & Quinn LLC lifted its stake in 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. boosted its holdings in The Swiss Helvetia Fund by 55.0% during the fourth 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. Institutional investors and hedge funds own 41.12% of the company's stock.
The Swiss Helvetia Fund Stock Down 0.1 %
SWZ stock traded down $0.01 during trading on Thursday, reaching $9.24. 21,512 shares of the stock were exchanged, compared to its average volume of 29,120. The Swiss Helvetia Fund has a twelve month low of $7.49 and a twelve month high of $9.34. The stock has a 50 day simple moving average of $8.93 and a 200-day simple moving average of $8.44.
The Swiss Helvetia Fund Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd will be given a $3.00 dividend. The ex-dividend date is Tuesday, April 15th. This represents a dividend yield of 6.4%.
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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