SRH Total Return Fund, Inc. (NYSE:STEW) Sees Large Drop in Short Interest

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,357 shares, a drop of 82.3% from the August 31st total of 24,656 shares. Based on an average trading volume of 52,566 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On SRH Total Return Fund

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in SRH Total Return Fund by 50.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,885 shares of the company’s stock worth $338,000 after buying an additional 6,335 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of SRH Total Return Fund in the second quarter worth $2,002,000. Almitas Capital LLC acquired a new position in shares of SRH Total Return Fund in the second quarter worth $2,395,000. Bank of America Corp DE purchased a new stake in shares of SRH Total Return Fund during the second quarter worth $5,124,000. Finally, Ancora Advisors LLC purchased a new stake in shares of SRH Total Return Fund during the second quarter worth $277,000. 15.61% of the stock is owned by hedge funds and other institutional investors.

SRH Total Return Fund Stock Performance

NYSE STEW traded up $0.12 during trading on Friday, hitting $17.72. The stock had a trading volume of 32,475 shares, compared to its average volume of 53,763. The firm has a 50 day moving average price of $18.37 and a 200 day moving average price of $17.89. SRH Total Return Fund has a twelve month low of $16.55 and a twelve month high of $19.05.

SRH Total Return Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.80 annualized dividend and a dividend yield of 4.5%.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc (NYSE: STEW) is a diversified closed-end investment company. Rather than operating a conventional business, the fund invests in a portfolio of publicly traded securities with the objective of providing shareholders with long-term total return through a combination of capital appreciation and investment income.

The fund primarily invests in equity securities of companies across a range of industries and may also hold other investments, including fixed-income securities.