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

Key Points

• SRH Total Return Fund, Inc. (NYSE:STEW) experienced a significant 54.6% decline in short interest in August, with only 15,300 shares sold short as of August 31st.
• Institutional investors have recently increased their positions in the fund, with Total Investment Management Inc. acquiring a position valued at $27,000 during the second quarter.
• The fund announced a quarterly dividend of $0.165 to be paid on October 31st, presenting an annualized dividend yield of 3.6%.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 15,300 shares, a drop of 54.6% from the August 15th total of 33,700 shares. Based on an average daily volume of 88,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 88,300 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On SRH Total Return Fund

A number of hedge funds and other institutional investors have recently modified their holdings of STEW. Bank of America Corp DE boosted its stake in shares of SRH Total Return Fund by 6.3% during the fourth quarter. Bank of America Corp DE now owns 161,699 shares of the company's stock valued at $2,590,000 after purchasing an additional 9,607 shares in the last quarter. Millennium Management LLC acquired a new stake in SRH Total Return Fund in the fourth quarter valued at approximately $337,000. Waverly Advisors LLC acquired a new stake in SRH Total Return Fund in the fourth quarter valued at approximately $241,000. CSS LLC IL boosted its stake in SRH Total Return Fund by 0.7% in the fourth quarter. CSS LLC IL now owns 666,055 shares of the company's stock valued at $10,670,000 after acquiring an additional 4,842 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in SRH Total Return Fund by 6.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 401,936 shares of the company's stock valued at $6,439,000 after acquiring an additional 24,005 shares in the last quarter. 15.61% of the stock is currently owned by institutional investors.

SRH Total Return Fund Price Performance

Shares of NYSE STEW traded down $0.01 during midday trading on Thursday, reaching $18.21. 64,142 shares of the company's stock traded hands, compared to its average volume of 115,619. The stock's 50 day simple moving average is $17.98 and its 200-day simple moving average is $17.38. SRH Total Return Fund has a one year low of $15.00 and a one year high of $18.67.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 24th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, October 24th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.6%.

About SRH Total Return Fund

SRH Total Return Fund, Inc is a closed-ended balanced mutual fund launched and managed by Paralel Advisors LLC. Rocky Mountain Advisers, LLC serves as the Fund's sub-adviser. The fund invests in equity and fixed-income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.