SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 156.8% in May

SRH Total Return Fund, Inc. (NYSE:STEW) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 35,324 shares, a growth of 156.8% from the April 30th total of 13,753 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 69,380 shares, the days-to-cover ratio is presently 0.5 days.

Insider Activity

In other news, Director Jacob E. Hemmer acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $17.53 per share, with a total value of $87,650.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $175,300. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SRH Total Return Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in SRH Total Return Fund by 0.5% during the first quarter. Bank of America Corp DE now owns 278,867 shares of the company’s stock valued at $4,769,000 after acquiring an additional 1,320 shares during the period. Readystate Asset Management LP boosted its position in shares of SRH Total Return Fund by 15.0% in the first quarter. Readystate Asset Management LP now owns 35,622 shares of the company’s stock worth $609,000 after buying an additional 4,647 shares during the period. Quantedge Capital Pte Ltd boosted its stake in shares of SRH Total Return Fund by 10.6% in the first quarter. Quantedge Capital Pte Ltd now owns 255,603 shares of the company’s stock valued at $4,371,000 after purchasing an additional 24,500 shares during the period. Bulldog Investors LLP boosted its stake in shares of SRH Total Return Fund by 3.5% in the first quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock valued at $22,018,000 after purchasing an additional 43,759 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in SRH Total Return Fund by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock valued at $12,340,000 after purchasing an additional 63,439 shares during the last quarter. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Performance

SRH Total Return Fund stock traded down $0.08 during mid-day trading on Monday, hitting $17.29. 24,175 shares of the company were exchanged, compared to its average volume of 88,158. SRH Total Return Fund has a 12-month low of $16.55 and a 12-month high of $18.67. The business’s 50 day simple moving average is $17.53 and its two-hundred day simple moving average is $17.85.

SRH Total Return Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, July 24th.

About SRH Total Return Fund

SRH Total Return Fund (NYSE: STEW) is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.