SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 113.1% in August

SRH Total Return Fund, Inc. (NYSE:STEW) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 19,229 shares, a growth of 113.1% from the July 30th total of 9,025 shares. Based on an average daily volume of 80,232 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

SRH Total Return Fund Stock Down 0.3%

Shares of NYSE:STEW opened at $18.51 on Friday. SRH Total Return Fund has a 1 year low of $16.55 and a 1 year high of $19.05. The stock’s fifty day moving average price is $18.31 and its 200-day moving average price is $17.85.

SRH Total Return Fund Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%.

Institutional Trading of SRH Total Return Fund

A number of institutional investors have recently made changes to their positions in STEW. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 worth $338,000 after acquiring an additional 6,335 shares during the period. Capstone Investment Advisors LLC bought a new position in SRH Total Return Fund during the second quarter valued at approximately $2,002,000. Almitas Capital LLC purchased a new stake in SRH Total Return Fund in the second quarter worth approximately $2,395,000. Bank of America Corp DE purchased a new stake in SRH Total Return Fund in the second quarter worth approximately $5,124,000. Finally, Ancora Advisors LLC bought a new stake in SRH Total Return Fund in the 2nd quarter worth approximately $277,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Company Profile

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.