Total Return Securities (NYSE:SWZ) Stock Passes Below 200-Day Moving Average - What's Next?

Key Points

• Shares of Total Return Securities (NYSE:SWZ) dropped below their 200-day moving average of $6.95, trading as low as $6.11, with the last price at $6.12.
• Recent activity showed that several hedge funds, including Envestnet Asset Management and Saba Capital Management, increased their holdings in the company, indicating institutional interest.
• Approximately 41.12% of Total Return Securities is currently owned by institutional investors, reflecting a significant level of investment by major financial entities.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.95 and traded as low as $6.11. Total Return Securities shares last traded at $6.12, with a volume of 17,060 shares changing hands.

Total Return Securities Trading Down 0.2%

The firm has a 50-day simple moving average of $6.14 and a 200 day simple moving average of $6.88.

Hedge Funds Weigh In On Total Return Securities

Several large investors have recently modified their holdings of SWZ. Shaker Financial Services LLC raised its position in shares of Total Return Securities by 63.0% in the 2nd quarter. Shaker Financial Services LLC now owns 140,360 shares of the closed-end fund's stock worth $890,000 after purchasing an additional 54,272 shares during the last quarter. Tabor Asset Management LP purchased a new position in shares of Total Return Securities in the 1st quarter worth about $278,000. Uncommon Cents Investing LLC raised its position in shares of Total Return Securities by 23.8% in the 2nd quarter. Uncommon Cents Investing LLC now owns 123,930 shares of the closed-end fund's stock worth $786,000 after purchasing an additional 23,800 shares during the last quarter. Beverly Hills Private Wealth LLC purchased a new position in shares of Total Return Securities in the 2nd quarter worth about $122,000. Finally, Envestnet Asset Management Inc. increased its holdings in Total Return Securities by 9.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 164,184 shares of the closed-end fund's stock worth $1,514,000 after buying an additional 14,818 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company's stock.

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.