SRH Total Return Fund, Inc. (NYSE:STEW) Sees Large Decline in Short Interest

Key Points

• Short interest fell 82.3% to 4,357 shares as of September 15, representing 0.0% of outstanding shares and just 0.1 days of average trading volume.
• STEW opened at $17.61, below its 50-day moving average of $18.38, while trading within a 12-month range of $16.55 to $19.05.
• The fund declared a quarterly dividend of $0.20 per share, payable October 30 to shareholders of record October 23, implying an annualized yield of approximately 4.5%.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,357 shares, a decline of 82.3% from the August 31st total of 24,656 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 52,566 shares, the short-interest ratio is currently 0.1 days.

SRH Total Return Fund Stock Down 1.1%

NYSE STEW opened at $17.61 on Friday. The firm's 50-day moving average is $18.38 and its two-hundred day moving average is $17.89. SRH Total Return Fund has a 12 month low of $16.55 and a 12 month high of $19.05.

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. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 23rd.

Hedge Funds Weigh In On SRH Total Return Fund

A number of hedge funds have recently made changes to their positions in STEW. 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 worth $22,018,000 after purchasing an additional 43,759 shares in the last quarter. 1607 Capital Partners LLC grew its stake in shares of 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 valued at $16,052,000 after buying an additional 64,950 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of 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 valued at $12,340,000 after buying an additional 63,439 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of SRH Total Return Fund in the 2nd quarter valued at $5,124,000. Finally, Quantedge Capital Pte Ltd lifted 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 worth $4,371,000 after acquiring an additional 24,500 shares in the last quarter. Hedge funds and other institutional investors own 15.61% of the company's stock.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc NYSE: STEW is a diversified closed-end investment company. Rather than operating a conventional business, the fund invests in a portfolio of publicly traded securities with the objective of providing shareholders with long-term total return through a combination of capital appreciation and investment income.

The fund primarily invests in equity securities of companies across a range of industries and may also hold other investments, including fixed-income securities.

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