SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Update

SRH Total Return Fund, Inc. (NYSE:STEW) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 11,744 shares, a drop of 54.8% from the June 15th total of 26,008 shares. Based on an average daily volume of 87,261 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

SRH Total Return Fund Stock Up 0.1%

Shares of STEW traded up $0.01 during midday trading on Thursday, reaching $18.26. 52,528 shares of the stock were exchanged, compared to its average volume of 88,575. The stock’s 50 day simple moving average is $17.75 and its 200 day simple moving average is $17.79. SRH Total Return Fund has a twelve month low of $16.55 and a twelve month high of $18.67.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%.

Insider Buying and Selling

In related news, Director Jacob E. Hemmer acquired 5,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at approximately $175,300. The trade was a 100.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SRH Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in STEW. JP Wealth Management Inc. increased its stake in SRH Total Return Fund by 17.5% during the 4th quarter. JP Wealth Management Inc. now owns 1,475,715 shares of the company’s stock worth $27,360,000 after acquiring an additional 219,432 shares during the period. Bulldog Investors LLP increased its position in shares of SRH Total Return Fund by 3.5% in the first quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock worth $22,018,000 after purchasing an additional 43,759 shares during the period. 1607 Capital Partners LLC raised its stake in SRH Total Return Fund by 8.1% in the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock valued at $16,052,000 after purchasing an additional 64,950 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in SRH Total Return Fund by 9.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock worth $12,340,000 after purchasing an additional 63,439 shares during the period. Finally, LPL Financial LLC grew its stake in SRH Total Return Fund by 44.0% during the fourth quarter. LPL Financial LLC now owns 393,713 shares of the company’s stock worth $7,299,000 after buying an additional 120,366 shares in the last quarter. 15.61% of the stock is currently owned by institutional investors and hedge funds.

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.