SRH Total Return Fund, Inc. (NYSE:STEW) Sees Large Growth in Short Interest

SRH Total Return Fund, Inc. (NYSE:STEW) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 24,900 shares, an increase of 62.7% from the August 31st total of 15,300 shares. Based on an average daily trading volume, of 88,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 88,300 shares, the days-to-cover ratio is currently 0.3 days.

SRH Total Return Fund Trading Up 0.0%

SRH Total Return Fund stock opened at $18.16 on Wednesday. The stock has a 50 day moving average of $18.11 and a 200-day moving average of $17.55. SRH Total Return Fund has a 52 week low of $15.00 and a 52 week high of $18.67.

SRH Total Return Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 24th.

Institutional Investors Weigh In On SRH Total Return Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. SRH Advisors LLC raised its position in shares of SRH Total Return Fund by 0.5% during the 2nd quarter. SRH Advisors LLC now owns 187,837 shares of the company’s stock valued at $3,321,000 after acquiring an additional 842 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of SRH Total Return Fund by 142.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. Cetera Investment Advisers raised its position in shares of SRH Total Return Fund by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 31,758 shares of the company’s stock valued at $548,000 after acquiring an additional 1,038 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of SRH Total Return Fund by 1.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 88,524 shares of the company’s stock valued at $1,527,000 after acquiring an additional 1,198 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of SRH Total Return Fund by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 69,123 shares of the company’s stock valued at $1,222,000 after acquiring an additional 1,261 shares in the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.

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.