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

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large growth in short interest during the month of 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 96,356 shares, the short-interest ratio is presently 0.3 days.

Insider Buying and Selling

In other news, Director Jacob E. Hemmer acquired 5,000 shares of SRH Total Return Fund stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $17.53 per share, with a total value of $87,650.00. Following the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $175,300. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.09% of the company’s stock.

Institutional Trading of SRH Total Return Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp bought a new stake in shares of SRH Total Return Fund during the first quarter worth $26,000. Rockefeller Capital Management L.P. bought a new position in shares of SRH Total Return Fund in the fourth quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in SRH Total Return Fund by 1,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock worth $41,000 after buying an additional 2,000 shares during the period. Global Retirement Partners LLC increased its stake in SRH Total Return Fund by 38.3% in the 4th quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock worth $148,000 after buying an additional 2,218 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in SRH Total Return Fund by 22.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock valued at $170,000 after buying an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Up 0.8%

STEW opened at $18.05 on Thursday. The stock’s 50 day moving average price is $17.67 and its 200-day moving average price is $17.80. SRH Total Return Fund has a one year low of $16.55 and a one year high of $18.67.

SRH Total Return Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 yield of 4.4%.

About SRH Total Return Fund

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.