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

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 14,300 shares, a drop of 22.7% from the February 13th total of 18,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 78,400 shares, the days-to-cover ratio is presently 0.2 days.

SRH Total Return Fund Price Performance

NYSE:STEW traded down $0.11 during mid-day trading on Friday, reaching $16.62. The stock had a trading volume of 17,170 shares, compared to its average volume of 77,657. SRH Total Return Fund has a twelve month low of $14.19 and a twelve month high of $17.10. The business has a 50 day simple moving average of $16.55 and a 200 day simple moving average of $16.18.

SRH Total Return Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.97%.

Institutional Investors Weigh In On SRH Total Return Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SRH Advisors LLC lifted its position in shares of 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 acquiring an additional 796 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of SRH Total Return Fund by 1.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company's stock valued at $1,150,000 after acquiring an additional 804 shares during the period. Level Four Advisory Services LLC raised its position 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 purchasing an additional 854 shares during the last quarter. MML Investors Services LLC raised its position in shares of SRH Total Return Fund by 1.7% during the 4th quarter. MML Investors Services LLC now owns 73,787 shares of the company's stock worth $1,182,000 after purchasing an additional 1,212 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of 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 purchasing an additional 1,702 shares during the last quarter. 15.61% of the stock is currently owned by institutional investors and hedge funds.

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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.