The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Update

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 19,400 shares, an increase of 438.9% from the October 31st total of 3,600 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 0.8 days.

The Swiss Helvetia Fund Trading Up 0.4 %

SWZ traded up $0.03 during midday trading on Wednesday, hitting $7.80. The company had a trading volume of 15,725 shares, compared to its average volume of 19,017. The stock’s 50 day moving average price is $8.42 and its 200 day moving average price is $8.39. The Swiss Helvetia Fund has a 52 week low of $7.49 and a 52 week high of $9.14.

The Swiss Helvetia Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 19th were issued a $0.129 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.62%.

Hedge Funds Weigh In On The Swiss Helvetia Fund

Several large investors have recently bought and sold shares of the stock. Logan Stone Capital LLC bought a new position in The Swiss Helvetia Fund in the 2nd quarter valued at $163,000. Wolverine Asset Management LLC grew its position in The Swiss Helvetia Fund by 55.2% during the second quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock valued at $292,000 after buying an additional 12,874 shares during the period. Sanctuary Advisors LLC purchased a new stake in The Swiss Helvetia Fund during the second quarter worth about $678,000. Shaker Financial Services LLC raised its position in The Swiss Helvetia Fund by 10.8% in the second quarter. Shaker Financial Services LLC now owns 323,974 shares of the closed-end fund’s stock worth $2,614,000 after acquiring an additional 31,596 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in The Swiss Helvetia Fund by 7.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,174,265 shares of the closed-end fund’s stock valued at $17,546,000 after acquiring an additional 148,310 shares during the last quarter. 41.12% of the stock is currently owned by institutional investors.

About The Swiss Helvetia Fund

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.