SRH Total Return Fund, Inc. (NYSE:STEW) Sees Large Increase in Short Interest

SRH Total Return Fund, Inc. (NYSE:STEW) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 91,100 shares, an increase of 239.9% from the March 15th total of 26,800 shares. Based on an average daily volume of 132,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

SRH Total Return Fund Stock Performance

Shares of NYSE STEW opened at $16.44 on Thursday. The company’s fifty day moving average is $16.63 and its two-hundred day moving average is $16.32. SRH Total Return Fund has a one year low of $14.19 and a one year high of $17.46.

SRH Total Return Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 dividend on an annualized basis and a yield of 4.01%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STEW. SRH Advisors LLC boosted its stake in SRH Total Return Fund by 0.4% during the 4th quarter. SRH Advisors LLC now owns 192,242 shares of the company’s stock valued at $3,080,000 after purchasing an additional 796 shares during the period. Level Four Advisory Services LLC grew its stake in shares of SRH Total Return Fund by 4.8% during the 4th quarter. Level Four Advisory Services LLC now owns 18,496 shares of the company’s stock worth $296,000 after acquiring an additional 854 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of SRH Total Return Fund by 1.7% in the 4th quarter. MML Investors Services LLC now owns 73,787 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,212 shares during the period. HighTower Advisors LLC increased its position in SRH Total Return Fund by 1.7% during the 4th quarter. HighTower Advisors LLC now owns 104,060 shares of the company’s stock worth $1,667,000 after buying an additional 1,702 shares during the period. Finally, Park Avenue Securities LLC raised its position in SRH Total Return Fund by 2.9% during the fourth quarter. Park Avenue Securities LLC now owns 82,691 shares of the company’s stock valued at $1,325,000 after purchasing an additional 2,297 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, Inc is a closed-ended balanced mutual fund launched and managed by Paralel Advisors LLC. Rocky Mountain Advisers, LLC serves as the Fund's sub-adviser. The fund invests in equity and fixed-income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.