Short Interest in The Swiss Helvetia Fund Inc. (NYSE:SWZ) Declines By 36.8%

The Swiss Helvetia Fund Inc. (NYSE:SWZ) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a decrease of 36.8% from the December 15th total of 13,300 shares. Based on an average trading volume of 26,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of The Swiss Helvetia Fund

Several hedge funds have recently made changes to their positions in the company. Logan Stone Capital LLC purchased a new stake in The Swiss Helvetia Fund in the 2nd quarter worth about $163,000. Sanctuary Advisors LLC bought a new position in The Swiss Helvetia Fund during the second quarter worth about $678,000. Finally, Shaker Financial Services LLC increased its stake in shares of The Swiss Helvetia Fund by 1.2% in the third quarter. Shaker Financial Services LLC now owns 327,809 shares of the closed-end fund’s stock worth $2,934,000 after purchasing an additional 3,835 shares in the last quarter. 41.12% of the stock is currently owned by institutional investors.

The Swiss Helvetia Fund Stock Performance

Shares of SWZ stock opened at $8.04 on Tuesday. The company has a 50 day moving average of $7.79 and a 200-day moving average of $8.31. The Swiss Helvetia Fund has a 12-month low of $7.49 and a 12-month high of $9.14.

The Swiss Helvetia Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.1458 dividend. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend was Tuesday, December 17th.

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.