Total Return Securities (NYSE:SWZ) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• Total Return Securities (NYSE:SWZ) shares moved above their 50‑day moving average (50‑day MA $6.03), trading as high as $6.11 and last at $6.0650 on volume of 117,938.
• Insiders boosted positions recently: Phillip Goldstein bought 10,000 shares at $5.98 and CEO Andrew Dakos bought 12,500 shares at $5.97, with insiders acquiring 100,754 shares worth $606,009 in the past three months.
• Institutional ownership is 41.12%, and several hedge funds (including Allspring, North Ground and Saba) materially increased their stakes in recent quarters.

Shares of Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.03 and traded as high as $6.11. Total Return Securities shares last traded at $6.0650, with a volume of 117,938 shares trading hands.

Total Return Securities Price Performance

The stock has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $6.06.

Insiders Place Their Bets

In related news, insider Phillip Goldstein purchased 10,000 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were bought at an average price of $5.98 per share, with a total value of $59,800.00. Following the purchase, the insider directly owned 113,234 shares in the company, valued at $677,139.32. This trade represents a 9.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Dakos bought 12,500 shares of the business's stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $5.97 per share, for a total transaction of $74,625.00. Following the completion of the acquisition, the chief executive officer owned 62,095 shares of the company's stock, valued at approximately $370,707.15. This trade represents a 25.20% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 100,754 shares of company stock worth $606,009. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Total Return Securities

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Total Return Securities by 10.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,127,310 shares of the closed-end fund's stock worth $12,934,000 after purchasing an additional 196,505 shares during the period. North Ground Capital raised its holdings in Total Return Securities by 241.6% in the fourth quarter. North Ground Capital now owns 661,145 shares of the closed-end fund's stock worth $4,112,000 after purchasing an additional 467,622 shares during the period. Matisse Capital raised its holdings in Total Return Securities by 0.5% in the fourth quarter. Matisse Capital now owns 610,000 shares of the closed-end fund's stock worth $3,794,000 after purchasing an additional 3,000 shares during the period. Saba Capital Management L.P. raised its holdings in Total Return Securities by 100.0% in the fourth quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund's stock worth $3,764,000 after purchasing an additional 302,612 shares during the period. Finally, Rivernorth Capital Management LLC raised its holdings in Total Return Securities by 15.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund's stock worth $2,718,000 after purchasing an additional 58,381 shares during the period. 41.12% of the stock is currently owned by institutional investors and hedge funds.

About Total Return Securities

Total Return Securities NYSE: SWZ is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.

SWZ's investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.

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