Total Return Securities, Inc. (NYSE:SWZ) Sees Significant Growth in Short Interest

Key Points

• Total Return Securities, Inc. (NYSE:SWZ) experienced a dramatic increase in short interest of 1,874.8% in August, rising from 13,100 shares to 258,700 shares by the end of the month.
• Approximately 41.12% of Total Return Securities is owned by hedge funds and institutional investors, with several funds acquiring new positions recently.
• The stock is trading at $6.12 as of the latest update, with a 52-week range between $5.99 and $9.43.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 258,700 shares, a growth of 1,874.8% from the August 15th total of 13,100 shares. Based on an average daily volume of 60,100 shares, the short-interest ratio is currently 4.3 days. Approximately 2.0% of the company's shares are short sold. Approximately 2.0% of the company's shares are short sold. Based on an average daily volume of 60,100 shares, the short-interest ratio is currently 4.3 days.

Institutional Trading of Total Return Securities

Several large investors have recently added to or reduced their stakes in the stock. North Ground Capital bought a new stake in shares of Total Return Securities during the 1st quarter valued at $44,000. Raymond James Financial Inc. purchased a new stake in shares of Total Return Securities during the 2nd quarter valued at about $55,000. Private Management Group Inc. purchased a new stake in shares of Total Return Securities during the 2nd quarter valued at about $67,000. Mccarter Private Wealth Services LLC purchased a new stake in shares of Total Return Securities during the 2nd quarter valued at about $92,000. Finally, Bank of America Corp DE grew its stake in shares of Total Return Securities by 375.2% during the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $102,000 after acquiring an additional 10,795 shares during the period. Institutional investors own 41.12% of the company's stock.

Total Return Securities Stock Performance

NYSE:SWZ traded down $0.01 during trading hours on Tuesday, hitting $6.14. The company had a trading volume of 5,119 shares, compared to its average volume of 64,577. The stock has a 50-day moving average price of $6.15 and a 200 day moving average price of $6.88. Total Return Securities has a 52 week low of $5.99 and a 52 week high of $9.43.

About Total Return Securities

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.