SRH Total Return Fund, Inc. (NYSE:STEW) Stock Short Interest Report for September

Key Points

• Short interest surged 750.1% to 37,041 shares as of September 30, up from 4,357 shares two weeks earlier. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.6.
• SRH Total Return Fund declared a quarterly dividend of $0.20 per share, payable October 30 to shareholders of record on October 23. The payment equates to an annualized dividend of $0.80 and a 4.6% yield.
• Institutional investors expanded their exposure to STEW, with several firms initiating or increasing positions; institutional investors collectively own 15.61% of the fund’s stock.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) saw 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 trading volume, of 57,593 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company's shares are sold short.

SRH Total Return Fund Price Performance

SRH Total Return Fund stock opened at $17.57 on Friday. SRH Total Return Fund has a 1 year low of $16.55 and a 1 year high of $19.05. The firm has a 50-day moving average of $18.22 and a two-hundred day moving average of $17.91.

SRH Total Return Fund Announces Dividend

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

Institutional Trading of SRH Total Return Fund

A number of large investors have recently modified their holdings of STEW. Post Resch Tallon Group Inc. bought a new position in SRH Total Return Fund in the third quarter worth approximately $250,000. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $338,000 after purchasing an additional 6,335 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of SRH Total Return Fund in the 2nd quarter worth $2,002,000. Almitas Capital LLC purchased a new stake in shares of SRH Total Return Fund in the 2nd quarter worth $2,395,000. Finally, Bank of America Corp DE purchased a new stake in shares of SRH Total Return Fund in the 2nd quarter worth $5,124,000. 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. 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.

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