The Swiss Helvetia Fund Inc. (NYSE:SWZ) Sees Large Decrease in Short Interest

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 6,100 shares, a decline of 58.8% from the May 31st total of 14,800 shares. Based on an average trading volume of 18,600 shares, the short-interest ratio is presently 0.3 days.

The Swiss Helvetia Fund Stock Performance

The Swiss Helvetia Fund stock remained flat at $8.07 during midday trading on Friday. The company had a trading volume of 23,664 shares, compared to its average volume of 19,396. The Swiss Helvetia Fund has a fifty-two week low of $7.12 and a fifty-two week high of $8.57. The business has a 50 day moving average of $7.95 and a 200-day moving average of $7.94.

The Swiss Helvetia Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.129 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend was Tuesday, June 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Karpus Management Inc. grew its holdings in shares of The Swiss Helvetia Fund by 554.8% during the fourth quarter. Karpus Management Inc. now owns 182,830 shares of the closed-end fund’s stock worth $1,499,000 after purchasing an additional 154,910 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of The Swiss Helvetia Fund during the fourth quarter worth about $245,000. 1607 Capital Partners LLC grew its holdings in shares of The Swiss Helvetia Fund by 4.0% during the fourth quarter. 1607 Capital Partners LLC now owns 349,903 shares of the closed-end fund’s stock worth $2,869,000 after purchasing an additional 13,457 shares in the last quarter. AQR Arbitrage LLC grew its holdings in shares of The Swiss Helvetia Fund by 63.9% during the third quarter. AQR Arbitrage LLC now owns 28,529 shares of the closed-end fund’s stock worth $218,000 after purchasing an additional 11,123 shares in the last quarter. Finally, Shaker Financial Services LLC grew its holdings in shares of The Swiss Helvetia Fund by 1.4% during the fourth quarter. Shaker Financial Services LLC now owns 288,658 shares of the closed-end fund’s stock worth $2,367,000 after purchasing an additional 3,982 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.

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.