The Swiss Helvetia Fund Inc. (NYSE:SWZ) Short Interest Update

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 8,000 shares, a decrease of 70.7% from the January 31st total of 27,300 shares. Based on an average daily volume of 43,200 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On The Swiss Helvetia Fund

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in shares of The Swiss Helvetia Fund by 144.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 3,694 shares in the last quarter. Bank of America Corp DE lifted its position in shares of The Swiss Helvetia Fund by 375.2% in the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock valued at $102,000 after acquiring an additional 10,795 shares in the last quarter. Logan Stone Capital LLC purchased a new position in shares of The Swiss Helvetia Fund in the fourth quarter valued at approximately $238,000. Wolverine Asset Management LLC purchased a new position in shares of The Swiss Helvetia Fund in the fourth quarter valued at approximately $250,000. Finally, Sanctuary Advisors LLC lifted its position in shares of The Swiss Helvetia Fund by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund’s stock valued at $733,000 after acquiring an additional 6,858 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.

The Swiss Helvetia Fund Stock Performance

SWZ stock traded up $0.01 during mid-day trading on Friday, reaching $8.96. 31,195 shares of the company’s stock were exchanged, compared to its average volume of 54,577. The stock’s 50 day moving average is $8.36 and its 200 day moving average is $8.39. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.1458 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.58 dividend on an annualized basis and a yield of 6.51%. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.13.

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.