SRH Total Return Fund, Inc. (NYSE:STEW) Shares Shorted: Short Interest Down 72.3% in October

Key Points

• Short interest plunged 72.3% in October to 10,252 shares, representing approximately 0.0% of outstanding shares and just 0.1 days to cover.
• STEW shares were essentially unchanged at $18.04, trading between a 12-month range of $16.55 and $19.05.
• The fund declared a quarterly dividend of $0.20 per share, or $0.80 annualized, implying a 4.4% yield; institutional investors own 15.61% of the stock.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,252 shares, a drop of 72.3% from the September 30th total of 37,041 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 73,325 shares, the days-to-cover ratio is currently 0.1 days.

SRH Total Return Fund Stock Up 0.0%

STEW traded up $0.01 on Wednesday, reaching $18.04. The stock had a trading volume of 13,366 shares, compared to its average volume of 81,021. SRH Total Return Fund has a 12-month low of $16.55 and a 12-month high of $19.05. The business's 50-day moving average price is $18.04 and its two-hundred day moving average price is $17.90.

SRH Total Return Fund Dividend Announcement

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 given a dividend of $0.20 per share. The ex-dividend date is Friday, October 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%.

Institutional Trading of SRH Total Return Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. raised its position in SRH Total Return Fund by 0.8% in the third quarter. Oppenheimer & Co. Inc. now owns 75,505 shares of the company's stock valued at $1,312,000 after purchasing an additional 628 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of SRH Total Return Fund by 5.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 225,518 shares of the company's stock valued at $3,917,000 after purchasing an additional 11,328 shares during the last quarter. Smithbridge Asset Management Inc. DE purchased a new position in shares of SRH Total Return Fund during the 3rd quarter worth $300,000. Post Resch Tallon Group Inc. purchased a new position in shares of SRH Total Return Fund during the 3rd quarter worth $250,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of SRH Total Return Fund by 50.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,885 shares of the company's stock worth $338,000 after purchasing an additional 6,335 shares during the period. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc NYSE: STEW is a closed-end management investment company that seeks to provide shareholders with long-term capital appreciation and current income. The fund pursues its objective by investing in a diversified portfolio of securities, with an emphasis on publicly traded companies.

The fund may invest in common stocks, preferred stocks, convertible securities and fixed-income investments. Its portfolio can span multiple industries and may include securities issued by companies in the United States and, to a more limited extent, international markets.

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