SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 197.3% in July

Key Points

• SRH Total Return Fund, Inc. (NYSE:STEW) saw a significant increase of 197.3% in short interest in July, rising to 33,300 shares from 11,200 shares.
• Institutional investors now own 15.61% of the total shares, with notable increases in holdings from firms like Bank of America and Raymond James Financial.
• The fund has announced a quarterly dividend of $0.165 per share, which will be paid on October 31st, representing an annualized dividend yield of 3.7%.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 33,300 shares, agrowthof197.3% from the July 15th total of 11,200 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 107,500 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 107,500 shares, the short-interest ratio is presently 0.3 days. Approximately0.0% of the shares of the stock are sold short.

SRH Total Return Fund Stock Performance

NYSE STEW traded down $0.01 on Thursday, reaching $18.06. The company had a trading volume of 59,479 shares, compared to its average volume of 80,609. SRH Total Return Fund has a fifty-two week low of $15.00 and a fifty-two week high of $18.15. The business has a 50 day moving average of $17.64 and a two-hundred day moving average of $17.17.

SRH Total Return Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, October 24th.

Institutional Trading of SRH Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in SRH Total Return Fund by 142.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Costello Asset Management INC acquired a new stake in SRH Total Return Fund in the first quarter valued at $154,000. NBC Securities Inc. increased its holdings in 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 purchasing an additional 9,522 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 purchasing an additional 1,775 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in SRH Total Return Fund by 37.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,364 shares of the company's stock valued at $183,000 after acquiring an additional 2,814 shares during the last quarter. 15.61% of the stock is currently owned by institutional investors and hedge funds.

SRH Total Return Fund Company Profile

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.