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 March. As of March 15th, there was short interest totalling 4,300 shares, an increase of 48.3% from the February 28th total of 2,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is presently 0.1 days.

The Swiss Helvetia Fund Price Performance

Shares of SWZ stock opened at $9.22 on Tuesday. The Swiss Helvetia Fund has a 12-month low of $7.49 and a 12-month high of $9.29. The business has a 50 day simple moving average of $8.88 and a 200 day simple moving average of $8.42.

The Swiss Helvetia Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, April 3rd will be paid a $3.00 dividend. The ex-dividend date is Tuesday, April 15th. This represents a dividend yield of 6.4%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SWZ. Wolverine Asset Management LLC bought a new position in The Swiss Helvetia Fund in the 4th quarter valued at about $250,000. PNC Financial Services Group Inc. boosted its holdings 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 valued at $47,000 after acquiring an additional 3,694 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of 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 acquiring an additional 6,858 shares during the period. Gardner Russo & Quinn LLC raised its holdings in The Swiss Helvetia Fund by 1.9% during the fourth quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund’s stock worth $2,163,000 after purchasing an additional 5,451 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in 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 purchasing an additional 10,795 shares during the period. 41.12% of the stock is owned by institutional investors and hedge funds.

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.