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

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

SRH Total Return Fund Price Performance

NYSE STEW opened at $17.61 on Friday. The firm has a 50 day simple moving average of $18.38 and a 200-day simple moving average of $17.89. SRH Total Return Fund has a one year low of $16.55 and a one year high of $19.05.

SRH Total Return Fund Announces Dividend

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

Hedge Funds Weigh In On SRH Total Return Fund

Several institutional investors have recently modified their holdings of STEW. Northwestern Mutual Wealth Management Co. boosted its holdings in SRH Total Return Fund by 50.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,885 shares of the company’s stock valued at $338,000 after purchasing an additional 6,335 shares during the period. Capstone Investment Advisors LLC acquired a new position in SRH Total Return Fund during the 2nd quarter worth $2,002,000. Almitas Capital LLC purchased a new stake in SRH Total Return Fund during the 2nd quarter worth about $2,395,000. Bank of America Corp DE purchased a new stake in SRH Total Return Fund during the 2nd quarter worth about $5,124,000. Finally, Ancora Advisors LLC acquired a new stake in SRH Total Return Fund in the 2nd quarter valued at about $277,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Company Profile

(Get Free Report)

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.

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