Total Return Securities, Inc. (NYSE:SWZ) Sees Large Decline in Short Interest

Total Return Securities, Inc. (NYSE:SWZ) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,126 shares, a decline of 57.2% from the April 15th total of 9,646 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 70,298 shares, the short-interest ratio is presently 0.1 days.

Insiders Place Their Bets

In other news, CEO Andrew Dakos acquired 7,718 shares of Total Return Securities stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of $6.06 per share, for a total transaction of $46,771.08. Following the transaction, the chief executive officer directly owned 103,000 shares of the company’s stock, valued at approximately $624,180. The trade was a 8.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip Goldstein acquired 10,000 shares of Total Return Securities stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of $5.98 per share, for a total transaction of $59,800.00. Following the transaction, the insider directly owned 113,234 shares in the company, valued at $677,139.32. The trade was a 9.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 84,754 shares of company stock worth $510,129 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SWZ. Bank of America Corp DE lifted its holdings in Total Return Securities by 375.2% during the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock worth $102,000 after buying an additional 10,795 shares during the period. Raymond James Financial Inc. acquired a new position in Total Return Securities during the 2nd quarter worth about $55,000. North Ground Capital lifted its holdings in Total Return Securities by 29.0% during the 3rd quarter. North Ground Capital now owns 193,523 shares of the closed-end fund’s stock worth $1,177,000 after buying an additional 43,465 shares during the period. Matisse Capital acquired a new position in Total Return Securities during the 3rd quarter worth about $3,691,000. Finally, Uhlmann Price Securities LLC lifted its holdings in Total Return Securities by 6.7% during the 3rd quarter. Uhlmann Price Securities LLC now owns 111,654 shares of the closed-end fund’s stock worth $679,000 after buying an additional 7,045 shares during the period. 41.12% of the stock is owned by institutional investors and hedge funds.

Total Return Securities Trading Down 0.7%

SWZ stock traded down $0.04 during midday trading on Friday, reaching $5.95. 87,937 shares of the stock were exchanged, compared to its average volume of 71,782. Total Return Securities has a 52 week low of $5.84 and a 52 week high of $6.43. The company has a fifty day moving average price of $6.01 and a 200 day moving average price of $6.07.

About Total Return Securities

Total Return Securities (NYSE:SWZ) is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.

SWZ’s investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.