Short Interest in SRH Total Return Fund, Inc. (NYSE:STEW) Declines By 29.1%

SRH Total Return Fund, Inc. (NYSE:STEW) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 8,300 shares, a drop of 29.1% from the October 15th total of 11,700 shares. Based on an average daily volume of 81,100 shares, the short-interest ratio is presently 0.1 days.

SRH Total Return Fund Price Performance

NYSE:STEW traded up $0.08 during mid-day trading on Thursday, reaching $16.30. 81,897 shares of the company’s stock were exchanged, compared to its average volume of 78,212. SRH Total Return Fund has a one year low of $13.22 and a one year high of $16.46. The business’s fifty day simple moving average is $15.75 and its two-hundred day simple moving average is $15.14.

SRH Total Return Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, January 24th. This is a boost from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a dividend yield of 4.05%.

Institutional Investors Weigh In On SRH Total Return Fund

A number of large investors have recently added to or reduced their stakes in STEW. Quarry LP acquired a new position in SRH Total Return Fund during the second quarter valued at approximately $153,000. Choreo LLC acquired a new position in shares of SRH Total Return Fund during the 2nd quarter worth $185,000. Hudson Value Partners LLC bought a new stake in shares of SRH Total Return Fund during the 3rd quarter worth $193,000. Integrated Capital Management Inc. boosted its stake in SRH Total Return Fund by 13.9% in the second quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock valued at $202,000 after buying an additional 1,690 shares in the last quarter. Finally, Sather Financial Group Inc bought a new position in SRH Total Return Fund in the third quarter valued at about $303,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc is a closed-ended balanced mutual fund launched and managed by Paralel Advisors LLC. Rocky Mountain Advisers, LLC serves as the Fund's sub-adviser. The fund invests in equity and fixed-income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.