SRH Total Return Fund, Inc. (NYSE:STEW) Stock Short Interest Climbs 750.1%

SRH Total Return Fund, Inc. (NYSE:STEW) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 37,041 shares, an increase of 750.1% from the September 15th total of 4,357 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,593 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STEW. Bulldog Investors LLP raised its holdings in SRH Total Return Fund by 3.5% during the first quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock worth $22,018,000 after purchasing an additional 43,759 shares in the last quarter. 1607 Capital Partners LLC lifted its position in SRH Total Return Fund by 8.1% in the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock worth $16,052,000 after purchasing an additional 64,950 shares during the period. Allspring Global Investments Holdings LLC lifted its position in SRH Total Return Fund by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock worth $12,340,000 after purchasing an additional 63,439 shares during the period. Bank of America Corp DE bought a new position in SRH Total Return Fund during the 2nd quarter valued at $5,124,000. Finally, Quantedge Capital Pte Ltd boosted its stake in SRH Total Return Fund by 10.6% during the 1st quarter. Quantedge Capital Pte Ltd now owns 255,603 shares of the company’s stock valued at $4,371,000 after purchasing an additional 24,500 shares in the last quarter. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Price Performance

SRH Total Return Fund stock opened at $17.57 on Monday. SRH Total Return Fund has a 52 week low of $16.55 and a 52 week high of $19.05. The company’s 50-day moving average price is $18.22 and its two-hundred day moving average price is $17.92.

SRH Total Return Fund Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.6%.

About SRH Total Return Fund

SRH Total Return Fund, Inc (NYSE: STEW) is a diversified, closed-end investment company. Unlike an operating business, the fund pools investors’ capital and invests it in a portfolio of publicly traded securities with the objective of generating long-term total returns through a combination of capital appreciation and income.

The fund primarily invests in common stocks of established companies across a range of industries and may also hold other income-producing securities. Its portfolio is managed with a long-term, value-oriented approach, seeking opportunities among companies whose market valuations do not fully reflect their underlying business prospects.

SRH Total Return Fund is advised by 1607 Capital Partners, LLC.