Total Return Securities, Inc. (NYSE:SWZ) Sees Significant Increase in Short Interest

Total Return Securities, Inc. (NYSE:SWZ) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 37,108 shares, a growth of 404.5% from the May 14th total of 7,355 shares. Based on an average trading volume of 102,351 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Total Return Securities Trading Up 0.1%

Shares of NYSE:SWZ traded up $0.01 during midday trading on Wednesday, reaching $5.91. 87,514 shares of the company’s stock traded hands, compared to its average volume of 95,822. Total Return Securities has a one year low of $5.84 and a one year high of $6.43. The stock has a 50 day moving average of $6.00 and a 200 day moving average of $6.06.

Insider Buying and Selling at Total Return Securities

In related news, CEO Andrew Dakos bought 5,500 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were acquired at an average cost of $5.99 per share, with a total value of $32,945.00. Following the completion of the acquisition, the chief executive officer owned 126,000 shares of the company’s stock, valued at $754,740. The trade was a 4.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Phillip Goldstein bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was bought at an average cost of $5.98 per share, for a total transaction of $59,800.00. Following the completion of the acquisition, the insider directly owned 113,234 shares of the company’s stock, valued at approximately $677,139.32. This represents a 9.69% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 50,554 shares of company stock worth $303,114 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SWZ. Raymond James Financial Inc. bought a new position in Total Return Securities in the second quarter valued at about $55,000. Marex Group plc bought a new position in Total Return Securities in the fourth quarter valued at about $62,000. Capital Investment Counsel Inc bought a new position in Total Return Securities in the fourth quarter valued at about $93,000. TrueMark Investments LLC bought a new position in Total Return Securities in the fourth quarter valued at about $95,000. Finally, Bank of America Corp DE lifted its holdings in Total Return Securities by 375.2% in the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund’s stock valued at $102,000 after acquiring an additional 10,795 shares during the period. Institutional investors own 41.12% of the company’s stock.

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.