Total Return Securities, Inc. (NYSE:SWZ) Short Interest Update

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

Insiders Place Their Bets

In other Total Return Securities news, CEO Andrew Dakos purchased 7,718 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were acquired at an average price of $6.06 per share, for a total transaction of $46,771.08. Following the acquisition, the chief executive officer owned 103,000 shares of the company’s stock, valued at $624,180. This trade represents a 8.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Phillip Goldstein purchased 10,000 shares of the business’s stock in a transaction dated 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 acquisition, the insider directly owned 113,234 shares in the company, valued at $677,139.32. This represents a 9.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 47,230 shares of company stock worth $283,170 in the last 90 days. 0.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SWZ. North Ground Capital raised its holdings in shares of Total Return Securities by 241.6% during 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 raised its holdings in Total Return Securities by 372.2% in the 4th quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund’s stock worth $2,570,000 after acquiring an additional 325,669 shares during the period. Saba Capital Management L.P. raised its holdings in Total Return Securities by 100.0% in the 4th quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund’s stock worth $3,764,000 after acquiring an additional 302,612 shares during the period. Evolve Private Wealth LLC bought a new position in Total Return Securities in the 4th quarter worth $1,355,000. Finally, Sit Investment Associates Inc. raised its holdings in Total Return Securities by 33,845.7% in the 4th quarter. Sit Investment Associates Inc. now owns 101,837 shares of the closed-end fund’s stock worth $633,000 after acquiring an additional 101,537 shares during the period. Institutional investors own 41.12% of the company’s stock.

Total Return Securities Stock Up 1.2%

Shares of Total Return Securities stock traded up $0.07 during midday trading on Thursday, reaching $5.96. 85,413 shares of the company’s stock traded hands, compared to its average volume of 91,649. The company’s 50 day simple moving average is $6.00 and its 200 day simple moving average is $6.06. Total Return Securities has a 52 week low of $5.84 and a 52 week high of $6.43.

About Total Return Securities

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.