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

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STEW. Bank of America Corp DE acquired a new stake in shares of SRH Total Return Fund during the second quarter worth about $5,124,000. Winning Points Advisors LLC acquired a new stake in shares of SRH Total Return Fund in the 4th quarter valued at about $3,414,000. Evolve Private Wealth LLC acquired a new stake in shares of SRH Total Return Fund in the 4th quarter valued at about $2,961,000. Almitas Capital LLC purchased a new position in SRH Total Return Fund during the 2nd quarter worth approximately $2,395,000. Finally, Capstone Investment Advisors LLC purchased a new position in SRH Total Return Fund during the 2nd quarter worth approximately $2,002,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Performance

Shares of STEW stock traded up $0.15 on Friday, reaching $17.57. 85,544 shares of the stock were exchanged, compared to its average volume of 66,159. The business’s 50 day moving average price is $18.22 and its 200 day moving average price is $17.92. SRH Total Return Fund has a twelve month low of $16.55 and a twelve month high of $19.05.

SRH Total Return Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, October 23rd.

SRH Total Return Fund Company Profile

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.