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

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 10,252 shares, a decline of 72.3% from the September 30th total of 37,041 shares. Based on an average trading volume of 73,325 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

SRH Total Return Fund Price Performance

SRH Total Return Fund stock traded up $0.23 during trading hours on Thursday, hitting $18.26. The company had a trading volume of 65,542 shares, compared to its average volume of 72,487. The company has a 50-day moving average price of $18.02 and a two-hundred day moving average price of $17.89. SRH Total Return Fund has a 1 year low of $16.55 and a 1 year high of $19.05.

SRH Total Return Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a $0.20 dividend. The ex-dividend date is Friday, October 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Investors Weigh In On SRH Total Return Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of SRH Total Return Fund in the second quarter valued at approximately $5,124,000. Evolve Private Wealth LLC acquired a new position in SRH Total Return Fund during the second quarter worth $2,620,000. Almitas Capital LLC acquired a new position in SRH Total Return Fund during the second quarter worth $2,395,000. Capstone Investment Advisors LLC acquired a new position in SRH Total Return Fund during the second quarter worth $2,002,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in SRH Total Return Fund by 9.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock valued at $12,340,000 after buying an additional 63,439 shares in the last quarter. Institutional investors and hedge funds own 15.61% of the company’s stock.

About SRH Total Return Fund

SRH Total Return Fund, Inc (NYSE: STEW) is a closed-end management investment company that seeks to provide shareholders with long-term capital appreciation and current income. The fund pursues its objective by investing in a diversified portfolio of securities, with an emphasis on publicly traded companies.

The fund may invest in common stocks, preferred stocks, convertible securities and fixed-income investments. Its portfolio can span multiple industries and may include securities issued by companies in the United States and, to a more limited extent, international markets.