SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 62.7% in September

Key Points

• The short interest for SRH Total Return Fund, Inc. (NYSE:STEW) surged by 62.7% in September, rising from 15,300 shares to 24,900 shares.
• Despite this increase in short interest, the stock price has shown some stability, with a recent trading price of $18.17 and a dividend of $0.165 declared for October.
• Institutional ownership of the fund stands at 15.61%, with notable increases in stakes from several hedge funds during recent quarters.

SRH Total Return Fund, Inc. (NYSE:STEW - ) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 24,900 shares, a growth of 62.7% from the August 31st total of 15,300 shares. Based on an average daily volume of 88,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 88,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On SRH Total Return Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STEW. Total Investment Management Inc. acquired a new position in SRH Total Return Fund in the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 buying an additional 1,000 shares in the last quarter. Costello Asset Management INC acquired a new position in SRH Total Return Fund in the first quarter valued at about $154,000. NBC Securities Inc. boosted its position 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 buying an additional 9,522 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 1,775 shares in the last quarter. 15.61% of the stock is currently owned by institutional investors and hedge funds.

SRH Total Return Fund Stock Up 0.4%

NYSE STEW traded up $0.07 during trading on Monday, reaching $18.17. 53,404 shares of the company traded hands, compared to its average volume of 113,331. The stock's 50 day moving average price is $18.09 and its two-hundred day moving average price is $17.54. SRH Total Return Fund has a 1-year low of $15.00 and a 1-year high of $18.67.

SRH Total Return Fund Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.