SRH Total Return Fund, Inc. (NYSE:STEW – Get Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 14,331 shares, a decline of 59.4% from the May 14th total of 35,324 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 68,523 shares, the short-interest ratio is currently 0.2 days.
Insider Buying and Selling
In other SRH Total Return Fund news, Director Jacob E. Hemmer acquired 5,000 shares of SRH Total Return Fund stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $17.53 per share, with a total value of $87,650.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $175,300. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On SRH Total Return Fund
Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in SRH Total Return Fund in the 1st quarter valued at approximately $26,000. Rockefeller Capital Management L.P. bought a new stake in shares of SRH Total Return Fund during the fourth quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SRH Total Return Fund by 1,000.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock valued at $41,000 after purchasing an additional 2,000 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of SRH Total Return Fund by 38.3% in the fourth quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock valued at $148,000 after purchasing an additional 2,218 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in SRH Total Return Fund by 22.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after purchasing an additional 1,775 shares during the period. 15.61% of the stock is owned by institutional investors and hedge funds.
SRH Total Return Fund Price Performance
SRH Total Return Fund Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, July 24th.
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.
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