Short Interest in The Swiss Helvetia Fund Inc. (NYSE:SWZ) Increases By 434.9%

The Swiss Helvetia Fund Inc. (NYSE:SWZ - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 23,000 shares, a growth of 434.9% from the March 15th total of 4,300 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On The Swiss Helvetia Fund

A number of hedge funds have recently modified their holdings of SWZ. Saba Capital Management L.P. raised its position in The Swiss Helvetia Fund by 24.7% during 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 during the last quarter. Envestnet Asset Management Inc. increased its stake 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 valued at $1,119,000 after buying an additional 52,989 shares during the period. 1607 Capital Partners LLC increased its stake 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 valued at $3,442,000 after buying an additional 52,228 shares during the period. Wolverine Asset Management LLC bought a new position in shares of The Swiss Helvetia Fund during the fourth quarter worth about $250,000. Finally, Logan Stone Capital LLC acquired a new position in shares of The Swiss Helvetia Fund in the fourth quarter worth approximately $238,000. Institutional investors and hedge funds own 41.12% of the company's stock.

The Swiss Helvetia Fund Price Performance

NYSE:SWZ traded down $0.22 on Friday, hitting $6.17. The company had a trading volume of 408,509 shares, compared to its average volume of 35,463. The Swiss Helvetia Fund has a 52 week low of $6.01 and a 52 week high of $9.43. The firm has a 50 day moving average of $8.81 and a two-hundred day moving average of $8.38.

The Swiss Helvetia Fund Cuts Dividend

The company also recently declared a -- dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, April 3rd were issued a dividend of $3.00 per share. This represents a dividend yield of 6.4%. The ex-dividend date was Tuesday, April 15th.

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.