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

SRH Total Return Fund, Inc. (NYSE:STEW) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,357 shares, a drop of 82.3% from the August 31st total of 24,656 shares. Based on an average trading volume of 52,566 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

SRH Total Return Fund Trading Up 0.7%

STEW stock traded up $0.12 during trading hours on Friday, hitting $17.72. 32,475 shares of the stock traded hands, compared to its average volume of 53,763. The stock has a 50-day simple moving average of $18.37 and a 200 day simple moving average of $17.89. SRH Total Return Fund has a one year low of $16.55 and a one year high of $19.05.

SRH Total Return Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bulldog Investors LLP grew its holdings in SRH Total Return Fund by 3.5% during 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 last quarter. 1607 Capital Partners LLC increased its stake in SRH Total Return Fund by 8.1% in the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock valued at $16,052,000 after acquiring an additional 64,950 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of SRH Total Return Fund by 9.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock worth $12,340,000 after buying an additional 63,439 shares in the last quarter. Bank of America Corp DE bought a new position in shares of SRH Total Return Fund during the second quarter valued at $5,124,000. Finally, Quantedge Capital Pte Ltd boosted its position in 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 buying an additional 24,500 shares in the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.

About SRH Total Return Fund

SRH Total Return Fund, Inc (NYSE: STEW) is a diversified closed-end investment company. Rather than operating a conventional business, the fund invests in a portfolio of publicly traded securities with the objective of providing shareholders with long-term total return through a combination of capital appreciation and investment income.

The fund primarily invests in equity securities of companies across a range of industries and may also hold other investments, including fixed-income securities.