SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Update

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 26,800 shares, an increase of 87.4% from the February 28th total of 14,300 shares. Based on an average daily volume of 74,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

SRH Total Return Fund Stock Up 0.6 %

Shares of STEW stock traded up $0.10 during mid-day trading on Wednesday, reaching $17.37. The stock had a trading volume of 175,604 shares, compared to its average volume of 85,127. SRH Total Return Fund has a 1-year low of $14.19 and a 1-year high of $17.46. The business's fifty day moving average is $16.70 and its 200-day moving average is $16.27.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Investors Weigh In On SRH Total Return Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Buffington Mohr McNeal acquired a new position in SRH Total Return Fund in the fourth quarter valued at approximately $171,000. Steward Partners Investment Advisory LLC grew its position in SRH Total Return Fund by 207.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company's stock valued at $182,000 after buying an additional 7,692 shares during the period. Absolute Investment Advisers LLC purchased a new position in SRH Total Return Fund in the fourth quarter valued at $197,000. Synovus Financial Corp purchased a new stake in shares of SRH Total Return Fund during the 3rd quarter worth about $202,000. Finally, PNC Financial Services Group Inc. grew its position in shares of SRH Total Return Fund by 110.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company's stock valued at $216,000 after acquiring an additional 7,065 shares during the period. 15.61% of the stock is 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.