The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 8,000 shares, a decrease of 70.7% from the January 31st total of 27,300 shares. Based on an average trading volume of 43,200 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On The Swiss Helvetia Fund
Institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. boosted its position in The Swiss Helvetia Fund by 24.7% in the 4th quarter. Saba Capital Management L.P. now owns 325,779 shares of the closed-end fund's stock worth $2,440,000 after purchasing an additional 64,597 shares in the last quarter. Logan Stone Capital LLC purchased a new stake in The Swiss Helvetia Fund in the 4th quarter worth approximately $238,000. Bank of America Corp DE raised its position in shares of The Swiss Helvetia Fund by 375.2% in the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock worth $102,000 after acquiring an additional 10,795 shares during the period. 1607 Capital Partners LLC raised its position in shares of The Swiss Helvetia Fund by 12.8% in the fourth quarter. 1607 Capital Partners LLC now owns 459,592 shares of the closed-end fund's stock worth $3,442,000 after acquiring an additional 52,228 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of The Swiss Helvetia Fund by 55.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 149,366 shares of the closed-end fund's stock worth $1,119,000 after acquiring an additional 52,989 shares during the period. Hedge funds and other institutional investors own 41.12% of the company's stock.
The Swiss Helvetia Fund Stock Up 0.8 %
Shares of SWZ stock traded up $0.08 during trading hours on Tuesday, hitting $9.03. The company's stock had a trading volume of 57,679 shares, compared to its average volume of 55,570. The company has a 50 day moving average of $8.39 and a 200 day moving average of $8.39. The Swiss Helvetia Fund has a 12-month low of $7.49 and a 12-month high of $9.14.
The Swiss Helvetia Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.1458 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 6.46%. This is a positive change from The Swiss Helvetia Fund's previous quarterly dividend of $0.13.
The Swiss Helvetia Fund Company Profile
(
Get Free Report)
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.
Read More
Before you consider The Swiss Helvetia Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Swiss Helvetia Fund wasn't on the list.
While The Swiss Helvetia Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
