SRH Total Return Fund, Inc. (NYSE:STEW) Shares Shorted: Short Interest Down 72.3% in October

SRH Total Return Fund, Inc. (NYSE:STEW) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,252 shares, a drop of 72.3% from the September 30th total of 37,041 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 73,325 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On SRH Total Return Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new position in SRH Total Return Fund during the second quarter worth approximately $5,124,000. Evolve Private Wealth LLC acquired a new stake in shares of SRH Total Return Fund in the second quarter valued at about $2,620,000. Almitas Capital LLC acquired a new stake in shares of SRH Total Return Fund in the 2nd quarter worth approximately $2,395,000. Capstone Investment Advisors LLC acquired a new position in shares of SRH Total Return Fund during the 2nd quarter worth $2,002,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of SRH Total Return Fund by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock valued at $12,340,000 after purchasing an additional 63,439 shares in the last quarter. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Trading Up 0.0%

Shares of STEW traded up $0.01 during midday trading on Wednesday, hitting $18.04. 13,366 shares of the stock were exchanged, compared to its average volume of 81,021. SRH Total Return Fund has a 52-week low of $16.55 and a 52-week high of $19.05. The stock has a fifty day simple moving average of $18.04 and a 200 day simple moving average of $17.90.

SRH Total Return Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, October 23rd.

About SRH Total Return Fund

SRH Total Return Fund, Inc (NYSE: STEW) is a closed-end management investment company that seeks to provide shareholders with long-term capital appreciation and current income. The fund pursues its objective by investing in a diversified portfolio of securities, with an emphasis on publicly traded companies.

The fund may invest in common stocks, preferred stocks, convertible securities and fixed-income investments. Its portfolio can span multiple industries and may include securities issued by companies in the United States and, to a more limited extent, international markets.