Total Return Securities, Inc. (NYSE:SWZ) Sees Significant Increase in Short Interest

Total Return Securities, Inc. (NYSE:SWZ) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 37,108 shares, an increase of 404.5% from the May 14th total of 7,355 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 102,351 shares, the days-to-cover ratio is currently 0.4 days.

Insider Transactions at Total Return Securities

In other Total Return Securities news, CEO Andrew Dakos purchased 5,500 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $32,945.00. Following the purchase, the chief executive officer directly owned 126,000 shares of the company’s stock, valued at $754,740. This trade represents a 4.56% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Phillip Goldstein purchased 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $5.98 per share, with a total value of $59,800.00. Following the completion of the purchase, the insider directly owned 113,234 shares in the company, valued at $677,139.32. This trade represents a 9.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 50,554 shares of company stock valued at $303,114. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWZ. Raymond James Financial Inc. bought a new position in Total Return Securities in the 2nd quarter worth approximately $55,000. Marex Group plc bought a new position in Total Return Securities during the fourth quarter valued at approximately $62,000. Capital Investment Counsel Inc bought a new position in Total Return Securities during the fourth quarter valued at approximately $93,000. TrueMark Investments LLC bought a new position in Total Return Securities during the fourth quarter valued at approximately $95,000. Finally, Bank of America Corp DE boosted its stake in Total Return Securities by 375.2% during the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock valued at $102,000 after buying an additional 10,795 shares during the last quarter. 41.12% of the stock is currently owned by institutional investors.

Total Return Securities Trading Up 0.1%

SWZ stock traded up $0.01 during midday trading on Wednesday, hitting $5.91. The company’s stock had a trading volume of 87,514 shares, compared to its average volume of 95,822. Total Return Securities has a 12 month low of $5.84 and a 12 month high of $6.43. The company has a 50 day moving average of $6.00 and a two-hundred day moving average of $6.06.

Total Return Securities Company Profile

Total Return Securities (NYSE:SWZ) is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.

SWZ’s investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.