SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Down 54.6% in August

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 - ) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 15,300 shares, a decline of 54.6% from the August 15th total of 33,700 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 88,300 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 88,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Total Investment Management Inc. acquired a new position in shares of SRH Total Return Fund in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in SRH Total Return Fund by 142.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Costello Asset Management INC bought a new position in shares of SRH Total Return Fund in the first quarter valued at about $154,000. NBC Securities Inc. grew its stake in shares of SRH Total Return Fund by 105,800.0% in the first quarter. NBC Securities Inc. now owns 9,531 shares of the company's stock valued at $164,000 after acquiring an additional 9,522 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of SRH Total Return Fund by 22.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company's stock valued at $170,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 15.61% of the company's stock.

SRH Total Return Fund Trading Down 0.4%

Shares of STEW traded down $0.08 on Friday, reaching $18.35. 37,733 shares of the company's stock were exchanged, compared to its average volume of 70,459. The business has a 50 day moving average price of $17.94 and a two-hundred day moving average price of $17.35. SRH Total Return Fund has a 12 month low of $15.00 and a 12 month high of $18.67.

SRH Total Return Fund Dividend Announcement

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

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.

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