SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 239.9% in March

SRH Total Return Fund, Inc. (NYSE:STEW) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 91,100 shares, an increase of 239.9% from the March 15th total of 26,800 shares. Based on an average daily trading volume, of 132,400 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

SRH Total Return Fund Price Performance

SRH Total Return Fund stock traded down $0.34 during midday trading on Wednesday, reaching $16.43. 112,882 shares of the stock traded hands, compared to its average volume of 94,299. The stock’s fifty day moving average is $16.64 and its 200-day moving average is $16.32. SRH Total Return Fund has a 12 month low of $14.19 and a 12 month high of $17.46.

SRH Total Return Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 annualized dividend and a dividend yield of 4.02%.

Hedge Funds Weigh In On SRH Total Return Fund

A number of institutional investors have recently modified their holdings of the stock. SRH Advisors LLC raised its stake in SRH Total Return Fund by 0.4% in the fourth quarter. SRH Advisors LLC now owns 192,242 shares of the company’s stock worth $3,080,000 after buying an additional 796 shares in the last quarter. Level Four Advisory Services LLC grew its position in SRH Total Return Fund by 4.8% during the 4th quarter. Level Four Advisory Services LLC now owns 18,496 shares of the company’s stock worth $296,000 after purchasing an additional 854 shares during the period. MML Investors Services LLC boosted its position in SRH Total Return Fund by 1.7% in the 4th quarter. MML Investors Services LLC now owns 73,787 shares of the company’s stock worth $1,182,000 after purchasing an additional 1,212 shares in the last quarter. HighTower Advisors LLC boosted its holdings in SRH Total Return Fund by 1.7% during the fourth quarter. HighTower Advisors LLC now owns 104,060 shares of the company’s stock worth $1,667,000 after buying an additional 1,702 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of SRH Total Return Fund by 2.9% during the 4th quarter. Park Avenue Securities LLC now owns 82,691 shares of the company’s stock worth $1,325,000 after acquiring an additional 2,297 shares in the last quarter. 15.61% of the stock is owned by hedge funds and other institutional investors.

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.