Short Interest in SRH Total Return Fund, Inc. (NYSE:STEW) Grows By 156.8%

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 35,324 shares, an increase of 156.8% from the April 30th total of 13,753 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 69,380 shares, the days-to-cover ratio is currently 0.5 days.

Insider Activity at SRH Total Return Fund

In other news, Director Jacob E. Hemmer bought 5,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the transaction, the director owned 10,000 shares in the company, valued at $175,300. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in STEW. Bank of America Corp DE boosted its position in SRH Total Return Fund by 0.5% during the 1st quarter. Bank of America Corp DE now owns 278,867 shares of the company’s stock valued at $4,769,000 after purchasing an additional 1,320 shares during the period. Readystate Asset Management LP boosted its position in SRH Total Return Fund by 15.0% during the 1st quarter. Readystate Asset Management LP now owns 35,622 shares of the company’s stock valued at $609,000 after purchasing an additional 4,647 shares during the period. Quantedge Capital Pte Ltd boosted its position in SRH Total Return Fund by 10.6% during the 1st quarter. Quantedge Capital Pte Ltd now owns 255,603 shares of the company’s stock valued at $4,371,000 after purchasing an additional 24,500 shares during the period. Bulldog Investors LLP boosted its position in SRH Total Return Fund by 3.5% during the 1st quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock valued at $22,018,000 after purchasing an additional 43,759 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in SRH Total Return Fund by 9.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock valued at $12,340,000 after purchasing an additional 63,439 shares during the period. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Price Performance

Shares of STEW traded down $0.12 during mid-day trading on Friday, hitting $17.39. The stock had a trading volume of 74,399 shares, compared to its average volume of 66,068. The company’s fifty day simple moving average is $17.53 and its two-hundred day simple moving average is $17.85. SRH Total Return Fund has a fifty-two week low of $16.55 and a fifty-two week high of $18.67.

SRH Total Return Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be given a $0.20 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.80 annualized dividend and a dividend yield of 4.6%.

About SRH Total Return Fund

SRH Total Return Fund (NYSE: STEW) is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.