SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Down 59.4% in May

SRH Total Return Fund, Inc. (NYSE:STEW) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 14,331 shares, a decline of 59.4% from the May 14th total of 35,324 shares. Based on an average trading volume of 68,523 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

SRH Total Return Fund Price Performance

SRH Total Return Fund stock opened at $17.78 on Friday. SRH Total Return Fund has a 52-week low of $16.55 and a 52-week high of $18.67. The firm has a 50-day moving average price of $17.63 and a two-hundred day moving average price of $17.83.

SRH Total Return Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.80 annualized dividend and a yield of 4.5%.

Insider Activity

In other news, Director Jacob E. Hemmer purchased 5,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $175,300. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On SRH Total Return Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JP Wealth Management Inc. boosted its position in shares of SRH Total Return Fund by 17.5% during the 4th quarter. JP Wealth Management Inc. now owns 1,475,715 shares of the company’s stock valued at $27,360,000 after purchasing an additional 219,432 shares in the last quarter. Bulldog Investors LLP lifted its stake 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 valued at $22,018,000 after purchasing an additional 43,759 shares during the last quarter. 1607 Capital Partners LLC lifted its stake in SRH Total Return Fund by 8.1% during the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock valued at $16,052,000 after purchasing an additional 64,950 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in SRH Total Return Fund by 9.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock worth $12,340,000 after buying an additional 63,439 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in SRH Total Return Fund by 44.0% during the fourth quarter. LPL Financial LLC now owns 393,713 shares of the company’s stock worth $7,299,000 after buying an additional 120,366 shares in the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.

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.