Short Interest in The Swiss Helvetia Fund Inc. (NYSE:SWZ) Rises By 438.9%

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

Institutional Trading of The Swiss Helvetia Fund

Several institutional investors and hedge funds have recently modified their holdings of SWZ. Logan Stone Capital LLC bought a new position in The Swiss Helvetia Fund in the 2nd quarter worth approximately $163,000. Wolverine Asset Management LLC grew its stake 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 acquiring an additional 12,874 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in The Swiss Helvetia Fund in the 2nd quarter valued at $678,000. Shaker Financial Services LLC lifted its stake in The Swiss Helvetia Fund by 10.8% in the 2nd quarter. Shaker Financial Services LLC now owns 323,974 shares of the closed-end fund’s stock worth $2,614,000 after purchasing an additional 31,596 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of The Swiss Helvetia Fund by 7.3% during the 2nd 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 purchasing an additional 148,310 shares during the last quarter. 41.12% of the stock is currently owned by institutional investors.

The Swiss Helvetia Fund Trading Up 1.0 %

Shares of NYSE:SWZ traded up $0.08 during mid-day trading on Friday, reaching $7.88. 10,859 shares of the company traded hands, compared to its average volume of 18,982. The Swiss Helvetia Fund has a 52 week low of $7.49 and a 52 week high of $9.14. The company’s 50 day moving average price is $8.38 and its 200-day moving average price is $8.38.

The Swiss Helvetia Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were paid 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 6.55%.

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.