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

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 14,100 shares, a decrease of 35.0% from the September 30th total of 21,700 shares. Based on an average trading volume of 19,900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in shares of The Swiss Helvetia Fund in the second quarter worth $678,000. Logan Stone Capital LLC acquired a new stake in shares of The Swiss Helvetia Fund in the 2nd quarter valued at about $163,000. Shaker Financial Services LLC lifted its position in shares of The Swiss Helvetia Fund by 10.8% during the second 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 during the last quarter. Wolverine Asset Management LLC lifted its position in shares of 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 worth $292,000 after purchasing an additional 12,874 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew 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 worth $17,546,000 after purchasing an additional 148,310 shares in the last quarter. Institutional investors and hedge funds own 41.12% of the company’s stock.

The Swiss Helvetia Fund Stock Performance

Shares of The Swiss Helvetia Fund stock traded down $0.17 during trading hours on Tuesday, reaching $8.29. The stock had a trading volume of 52,656 shares, compared to its average volume of 17,634. The Swiss Helvetia Fund has a 1 year low of $7.12 and a 1 year high of $9.14. The firm has a 50 day simple moving average of $8.78 and a two-hundred day simple moving average of $8.34.

The Swiss Helvetia Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were given a dividend of $0.129 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.22%.

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.