The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Down 70.7% in February

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 8,000 shares, a decline of 70.7% from the January 31st total of 27,300 shares. Based on an average trading volume of 43,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SWZ. PNC Financial Services Group Inc. lifted its stake in shares of 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 acquiring an additional 3,694 shares in the last quarter. Bank of America Corp DE raised its stake in The Swiss Helvetia Fund by 375.2% during the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock valued at $102,000 after buying an additional 10,795 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in The Swiss Helvetia Fund during the fourth quarter valued at approximately $238,000. Wolverine Asset Management LLC acquired a new stake in The Swiss Helvetia Fund during the fourth quarter valued at approximately $250,000. Finally, Sanctuary Advisors LLC raised its stake in The Swiss Helvetia Fund by 7.5% during the fourth quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund’s stock valued at $733,000 after buying an additional 6,858 shares in the last quarter. Institutional investors and hedge funds own 41.12% of the company’s stock.

The Swiss Helvetia Fund Trading Down 0.2 %

Shares of NYSE:SWZ traded down $0.02 during trading on Friday, hitting $8.94. The company’s stock had a trading volume of 21,141 shares, compared to its average volume of 54,298. The Swiss Helvetia Fund has a fifty-two week low of $7.49 and a fifty-two week high of $9.14. The stock’s 50-day moving average price is $8.33 and its two-hundred day moving average price is $8.39.

The Swiss Helvetia Fund Increases Dividend

The firm 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. This is a boost from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.58 annualized dividend and a dividend yield of 6.53%.

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.