Total Return Securities (NYSE:SWZ) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Total Return Securities, Inc. (NYSE:SWZ) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.06 and traded as low as $5.92. Total Return Securities shares last traded at $5.94, with a volume of 38,219 shares changing hands.

Total Return Securities Stock Up 0.2%

The company’s 50 day moving average price is $6.02 and its 200 day moving average price is $6.06.

Insider Activity

In other Total Return Securities news, CEO Andrew Dakos acquired 12,500 shares of the stock in a transaction on Friday, March 6th. The shares were bought at an average price of $5.97 per share, with a total value of $74,625.00. Following the acquisition, the chief executive officer owned 62,095 shares of the company’s stock, valued at $370,707.15. This trade represents a 25.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip Goldstein bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of $5.98 per share, for a total transaction of $59,800.00. Following the transaction, the insider directly owned 113,234 shares in the company, valued at $677,139.32. This trade represents a 9.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 77,524 shares of company stock valued at $466,369 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Matisse Capital purchased a new stake in shares of Total Return Securities during the 3rd quarter worth $3,691,000. North Ground Capital increased its holdings in shares of Total Return Securities by 241.6% in the 4th quarter. North Ground Capital now owns 661,145 shares of the closed-end fund’s stock valued at $4,112,000 after purchasing an additional 467,622 shares in the last quarter. Alpine Global Management LLC lifted its stake in shares of Total Return Securities by 372.2% in the fourth quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund’s stock valued at $2,570,000 after purchasing an additional 325,669 shares during the period. Saba Capital Management L.P. lifted its stake in shares of Total Return Securities by 100.0% in the fourth quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund’s stock valued at $3,764,000 after purchasing an additional 302,612 shares during the period. Finally, Evolve Private Wealth LLC purchased a new stake in Total Return Securities during the fourth quarter worth about $1,355,000. Institutional investors and hedge funds own 41.12% of the company’s stock.

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.