Short Interest in SRH Total Return Fund, Inc. (NYSE:STEW) Grows By 239.9%

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) saw a significant increase in short interest during 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 trading volume of 132,400 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

SRH Total Return Fund Stock Up 0.8 %

STEW stock traded up $0.13 during trading on Friday, reaching $16.54. The stock had a trading volume of 77,384 shares, compared to its average volume of 94,835. The stock's 50 day moving average is $16.63 and its two-hundred day moving average is $16.33. SRH Total Return Fund has a 52 week low of $14.19 and a 52 week high of $17.46.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Wednesday, April 23rd.

Institutional Trading of SRH Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STEW. Raymond James Financial Inc. purchased a new position in shares of SRH Total Return Fund during the 4th quarter worth $3,665,000. PNC Financial Services Group Inc. lifted its position in SRH Total Return Fund by 110.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company's stock valued at $216,000 after purchasing an additional 7,065 shares in the last quarter. JP Wealth Management Inc. purchased a new position in SRH Total Return Fund during the fourth quarter valued at $14,841,000. Private Advisor Group LLC grew its holdings in SRH Total Return Fund by 15.5% during the fourth quarter. Private Advisor Group LLC now owns 20,957 shares of the company's stock valued at $336,000 after purchasing an additional 2,805 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its position in SRH Total Return Fund by 13.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 257,068 shares of the company's stock worth $4,118,000 after buying an additional 31,316 shares in the last quarter. 15.61% of the stock is owned by hedge funds and other institutional investors.

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.