SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 81.5% in June

SRH Total Return Fund, Inc. (NYSE:STEW) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 26,008 shares, a growth of 81.5% from the May 31st total of 14,331 shares. Based on an average daily volume of 96,356 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

SRH Total Return Fund Stock Up 0.5%

Shares of NYSE:STEW opened at $18.15 on Friday. The company has a 50-day moving average price of $17.68 and a 200-day moving average price of $17.80. SRH Total Return Fund has a 12 month low of $16.55 and a 12 month high of $18.67.

SRH Total Return Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%.

Insider Activity at SRH Total Return Fund

In other news, Director Jacob E. Hemmer bought 5,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $17.53 per share, with a total value of $87,650.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at $175,300. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On SRH Total Return Fund

A number of institutional investors have recently added to or reduced their stakes in STEW. JP Wealth Management Inc. increased its stake in shares of SRH Total Return Fund by 17.5% during the fourth quarter. JP Wealth Management Inc. now owns 1,475,715 shares of the company’s stock valued at $27,360,000 after purchasing an additional 219,432 shares in the last quarter. Bulldog Investors LLP grew its stake 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 buying an additional 43,759 shares during the last quarter. 1607 Capital Partners LLC grew its stake in shares of SRH Total Return Fund by 8.1% in the 4th quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock worth $16,052,000 after buying an additional 64,950 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 during the last quarter. Finally, LPL Financial LLC increased its position in SRH Total Return Fund by 44.0% during the 4th quarter. LPL Financial LLC now owns 393,713 shares of the company’s stock valued at $7,299,000 after buying an additional 120,366 shares in the last quarter. Institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Company Profile

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.