Total Return Securities (NYSE:SWZ) Shares Pass Below Two Hundred Day Moving Average - Here's Why

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 - )'s share price passed 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 traded.

Total Return Securities Trading Up 0.5%

The stock has a fifty day moving average of $6.15 and a 200 day moving average of $6.95.

Institutional Trading of Total Return Securities

Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in Total Return Securities by 9.9% in the first 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 during the last quarter. Saba Capital Management L.P. increased its position in Total Return Securities by 24.7% in the fourth quarter. Saba Capital Management L.P. now owns 325,779 shares of the closed-end fund's stock worth $2,440,000 after buying an additional 64,597 shares during the last quarter. Uncommon Cents Investing LLC increased its position in Total Return Securities by 8.7% in the first quarter. Uncommon Cents Investing LLC now owns 100,130 shares of the closed-end fund's stock worth $923,000 after buying an additional 8,030 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Total Return Securities by 7.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 98,002 shares of the closed-end fund's stock worth $904,000 after buying an additional 6,685 shares during the last quarter. Finally, North Ground Capital purchased a new stake in Total Return Securities in the first quarter worth $44,000. 41.12% of the stock is currently owned by institutional investors.

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.

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