Short Interest in The Swiss Helvetia Fund Inc. (NYSE:SWZ) Increases By 48.3%

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,300 shares, a growth of 48.3% from the February 28th total of 2,900 shares. Based on an average trading volume of 45,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

The Swiss Helvetia Fund Stock Up 0.3 %

NYSE SWZ traded up $0.03 during trading hours on Friday, reaching $9.15. 36,033 shares of the company’s stock were exchanged, compared to its average volume of 27,670. The firm has a fifty day moving average of $8.87 and a 200-day moving average of $8.42. The Swiss Helvetia Fund has a one year low of $7.49 and a one year high of $9.29.

The Swiss Helvetia Fund Cuts Dividend

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

Institutional Investors Weigh In On The Swiss Helvetia Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its stake in shares of The Swiss Helvetia Fund by 1.6% during the third quarter. Sanctuary Advisors LLC now owns 91,021 shares of the closed-end fund’s stock valued at $815,000 after purchasing an additional 1,390 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in The Swiss Helvetia Fund by 144.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 3,694 shares during the last quarter. Gardner Russo & Quinn LLC boosted its position in The Swiss Helvetia Fund by 1.9% in the 4th quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund’s stock valued at $2,163,000 after buying an additional 5,451 shares during the last quarter. Bank of America Corp DE increased its stake in shares of The Swiss Helvetia Fund by 375.2% in the 4th 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 during the period. Finally, Logan Stone Capital LLC bought a new stake in shares of The Swiss Helvetia Fund during the fourth quarter worth $238,000. Institutional investors and hedge funds own 41.12% of the company’s stock.

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.