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

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

Institutional Investors Weigh In On The Swiss Helvetia Fund

A number of hedge funds and other institutional investors have recently modified their holdings of SWZ. AQR Arbitrage LLC lifted its position in 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 valued at $218,000 after buying an additional 11,123 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of The Swiss Helvetia Fund during the fourth quarter worth $245,000. Shaker Financial Services LLC lifted its position 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. 1607 Capital Partners LLC lifted its position 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. Finally, Karpus Management Inc. lifted its position 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. 41.12% of the stock is currently owned by hedge funds and other institutional investors.

The Swiss Helvetia Fund Stock Performance

NYSE:SWZ remained flat at $8.07 during mid-day trading on Friday. 23,664 shares of the company’s stock traded hands, compared to its average volume of 19,396. The business has a 50-day simple moving average of $7.95 and a 200 day simple moving average of $7.94. The Swiss Helvetia Fund has a 52-week low of $7.12 and a 52-week high of $8.57.

The Swiss Helvetia Fund Announces Dividend

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

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.