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

SRH Total Return Fund, Inc. (NYSE:STEW) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,252 shares, a drop of 72.3% from the September 30th total of 37,041 shares. Based on an average trading volume of 73,325 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On SRH Total Return Fund

Institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC increased its holdings in shares of SRH Total Return Fund by 7.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 401,544 shares of the company’s stock worth $6,975,000 after buying an additional 27,782 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of SRH Total Return Fund by 0.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 75,505 shares of the company’s stock worth $1,312,000 after purchasing an additional 628 shares during the period. Flagship Harbor Advisors LLC grew its position in SRH Total Return Fund by 5.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 225,518 shares of the company’s stock worth $3,917,000 after purchasing an additional 11,328 shares during the last quarter. Smithbridge Asset Management Inc. DE bought a new position in SRH Total Return Fund in the 3rd quarter valued at about $300,000. Finally, Post Resch Tallon Group Inc. bought a new stake in shares of SRH Total Return Fund in the 3rd quarter worth $250,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Trading Up 0.3%

STEW traded up $0.05 during trading on Friday, reaching $18.30. The company’s stock had a trading volume of 163,162 shares, compared to its average volume of 81,486. SRH Total Return Fund has a 1 year low of $16.55 and a 1 year high of $19.05. The firm has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $17.89.

SRH Total Return Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%.

About SRH Total Return Fund

SRH Total Return Fund, Inc (NYSE: STEW) is a closed-end management investment company that seeks to provide shareholders with long-term capital appreciation and current income. The fund pursues its objective by investing in a diversified portfolio of securities, with an emphasis on publicly traded companies.

The fund may invest in common stocks, preferred stocks, convertible securities and fixed-income investments. Its portfolio can span multiple industries and may include securities issued by companies in the United States and, to a more limited extent, international markets.