SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 156.8% in May

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 35,324 shares, a growth of 156.8% from the April 30th total of 13,753 shares. Based on an average daily trading volume, of 69,380 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

SRH Total Return Fund Stock Down 0.7%

NYSE STEW traded down $0.12 during trading on Friday, hitting $17.39. The company had a trading volume of 74,399 shares, compared to its average volume of 65,274. SRH Total Return Fund has a one year low of $16.55 and a one year high of $18.67. The company’s fifty day moving average is $17.53 and its 200-day moving average is $17.85.

SRH Total Return Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a $0.20 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.80 annualized dividend and a yield of 4.6%.

Insider Buying and Selling

In other news, Director Jacob E. Hemmer purchased 5,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at $175,300. This represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STEW. Fifth Third Bancorp bought a new position in SRH Total Return Fund in the 1st quarter worth $26,000. Rockefeller Capital Management L.P. bought a new position in SRH Total Return Fund in the 4th quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 purchasing an additional 2,000 shares in the last quarter. Global Retirement Partners LLC raised its holdings 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 purchasing an additional 2,218 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in SRH Total Return Fund by 22.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after purchasing an additional 1,775 shares in the last quarter. 15.61% of the stock is currently owned by institutional investors.

SRH Total Return Fund Company Profile

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.