SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Down 54.8% in June

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 11,744 shares, a decline of 54.8% from the June 15th total of 26,008 shares. Based on an average trading volume of 87,261 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Insider Activity at SRH Total Return Fund

In other SRH Total Return Fund news, Director Jacob E. Hemmer purchased 5,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of $17.53 per share, with a total value of $87,650.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $175,300. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On SRH Total Return Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in SRH Total Return Fund by 18.3% in the first quarter. NewEdge Advisors LLC now owns 76,603 shares of the company’s stock worth $1,310,000 after purchasing an additional 11,869 shares during the period. Bank of America Corp DE increased its position in shares of SRH Total Return Fund by 0.5% during the 1st quarter. Bank of America Corp DE now owns 278,867 shares of the company’s stock valued at $4,769,000 after purchasing an additional 1,320 shares during the period. Readystate Asset Management LP raised its position in 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 acquiring an additional 4,647 shares in the last quarter. Quantedge Capital Pte Ltd lifted its stake in SRH Total Return Fund by 10.6% during 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 last quarter. Finally, Bulldog Investors LLP grew its holdings in shares of SRH Total Return Fund by 3.5% in the 1st quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock worth $22,018,000 after acquiring an additional 43,759 shares during the last quarter. Institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Performance

STEW traded up $0.02 on Wednesday, reaching $18.24. The company had a trading volume of 57,455 shares, compared to its average volume of 74,684. The company has a fifty day moving average of $17.75 and a 200-day moving average of $17.79. SRH Total Return Fund has a one year low of $16.55 and a one year high of $18.67.

SRH Total Return Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a $0.20 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.80 annualized dividend and a dividend yield of 4.4%.

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.