SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Update

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 14,331 shares, a drop of 59.4% from the May 14th total of 35,324 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 68,523 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity

In other news, Director Jacob E. Hemmer acquired 5,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $175,300. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On SRH Total Return Fund

A number of hedge funds have recently modified their holdings of STEW. Fifth Third Bancorp purchased a new position in shares of SRH Total Return Fund in the first quarter valued at about $26,000. Rockefeller Capital Management L.P. bought a new stake in shares of SRH Total Return Fund during the 4th quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SRH Total Return Fund by 1,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock valued at $41,000 after purchasing an additional 2,000 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of SRH Total Return Fund by 38.3% during the 4th quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock valued at $148,000 after purchasing an additional 2,218 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of SRH Total Return Fund by 22.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock valued at $170,000 after purchasing an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Price Performance

Shares of STEW stock traded up $0.06 during mid-day trading on Friday, reaching $17.78. The stock had a trading volume of 55,494 shares, compared to its average volume of 80,285. The stock’s 50-day moving average price is $17.64 and its two-hundred day moving average price is $17.83. SRH Total Return Fund has a 52-week low of $16.55 and a 52-week high of $18.67.

SRH Total Return Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.20 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%.

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.