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

SRH Total Return Fund, Inc. (NYSE:STEW) was the target of a significant growth in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 80,232 shares, the short-interest ratio is currently 0.2 days.

SRH Total Return Fund Stock Performance

STEW opened at $18.51 on Monday. SRH Total Return Fund has a twelve month low of $16.55 and a twelve month high of $19.05. The company has a 50-day moving average price of $18.31 and a 200 day moving average price of $17.85.

SRH Total Return Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 23rd.

Hedge Funds Weigh In On SRH Total Return Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of SRH Total Return Fund in the first quarter worth approximately $26,000. Rockefeller Capital Management L.P. acquired a new position in SRH Total Return Fund in the 4th quarter valued at $32,000. Global Retirement Partners LLC acquired a new position in SRH Total Return Fund in the 2nd quarter valued at $115,000. Northwestern Mutual Wealth Management Co. lifted its holdings in SRH Total Return Fund by 22.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock valued at $170,000 after purchasing an additional 1,775 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in SRH Total Return Fund in the 2nd quarter valued at $191,000. 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.