Short Interest in Total Return Securities, Inc. (NYSE:SWZ) Rises By 404.5%

Total Return Securities, Inc. (NYSE:SWZ) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 37,108 shares, an increase of 404.5% from the May 14th total of 7,355 shares. Based on an average daily trading volume, of 102,351 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

Insider Activity at Total Return Securities

In other Total Return Securities news, insider Phillip Goldstein acquired 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $5.98 per share, for a total transaction of $59,800.00. Following the acquisition, the insider owned 113,234 shares in the company, valued at $677,139.32. This represents a 9.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew Dakos acquired 5,500 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was acquired at an average price of $5.99 per share, with a total value of $32,945.00. Following the acquisition, the chief executive officer owned 126,000 shares in the company, valued at approximately $754,740. This trade represents a 4.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 47,230 shares of company stock valued at $283,170. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Total Return Securities in the 2nd quarter valued at approximately $55,000. Marex Group plc purchased a new position in Total Return Securities during the fourth quarter valued at $62,000. Bank of America Corp DE raised its stake in Total Return Securities by 375.2% during the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock valued at $102,000 after buying an additional 10,795 shares during the last quarter. Capital Investment Counsel Inc purchased a new position in Total Return Securities during the fourth quarter valued at $93,000. Finally, TrueMark Investments LLC purchased a new position in Total Return Securities during the fourth quarter valued at $95,000. Hedge funds and other institutional investors own 41.12% of the company’s stock.

Total Return Securities Trading Down 0.5%

Shares of SWZ traded down $0.03 on Friday, reaching $5.93. The stock had a trading volume of 81,497 shares, compared to its average volume of 95,538. The company has a 50-day simple moving average of $6.00 and a 200-day simple moving average of $6.06. Total Return Securities has a 12-month low of $5.84 and a 12-month high of $6.43.

Total Return Securities Company Profile

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.