Total Return Securities (NYSE:SWZ) Shares Pass Above 50 Day Moving Average – Here’s Why

Total Return Securities, Inc. (NYSE:SWZ) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.14 and traded as high as $6.18. Total Return Securities shares last traded at $6.15, with a volume of 149,843 shares trading hands.

Total Return Securities Stock Up 0.7%

The business has a 50 day moving average of $6.14 and a 200 day moving average of $6.08.

Insider Buying and Selling at Total Return Securities

In related news, major shareholder Css Llc/Il sold 21,000 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $6.26, for a total transaction of $131,460.00. Following the transaction, the insider owned 1,706,939 shares in the company, valued at $10,685,438.14. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Dakos purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was bought at an average cost of $5.97 per share, with a total value of $59,700.00. Following the completion of the purchase, the chief executive officer owned 33,453 shares of the company’s stock, valued at $199,714.41. This represents a 42.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 55,535 shares of company stock valued at $347,219 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Institutional Trading of Total Return Securities

Several large investors have recently bought and sold shares of SWZ. Allspring Global Investments Holdings LLC raised its position in shares of Total Return Securities by 10.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,127,310 shares of the closed-end fund’s stock worth $12,934,000 after acquiring an additional 196,505 shares in the last quarter. North Ground Capital boosted its position in shares of Total Return Securities by 241.6% during the fourth quarter. North Ground Capital now owns 661,145 shares of the closed-end fund’s stock valued at $4,112,000 after purchasing an additional 467,622 shares in the last quarter. Matisse Capital grew its stake in Total Return Securities by 0.5% in the fourth quarter. Matisse Capital now owns 610,000 shares of the closed-end fund’s stock worth $3,794,000 after purchasing an additional 3,000 shares during the period. Saba Capital Management L.P. raised its holdings in Total Return Securities by 100.0% in the fourth quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund’s stock worth $3,764,000 after purchasing an additional 302,612 shares in the last quarter. Finally, Rivernorth Capital Management LLC raised its holdings in Total Return Securities by 15.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund’s stock worth $2,718,000 after purchasing an additional 58,381 shares in the last quarter. 41.12% of the stock is owned by institutional investors.

Total Return Securities Company Profile

Total Return Securities (NYSE:SWZ) is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.

SWZ’s investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.