Total Return Securities, Inc. (NYSE:SWZ) Short Interest Up 78.3% in May

Total Return Securities, Inc. (NYSE:SWZ) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 7,355 shares, a growth of 78.3% from the April 30th total of 4,126 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 74,887 shares, the short-interest ratio is currently 0.1 days.

Total Return Securities Price Performance

NYSE SWZ opened at $5.93 on Thursday. Total Return Securities has a twelve month low of $5.84 and a twelve month high of $6.43. The stock has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $6.07.

Insiders Place Their Bets

In other news, insider Phillip Goldstein purchased 10,000 shares of the firm’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. The trade was a 9.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Dakos acquired 5,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 126,000 shares in the company, valued at $754,740. The trade was a 4.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 64,754 shares of company stock valued at $387,939 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Total Return Securities

Several large investors have recently made changes to their positions in SWZ. Raymond James Financial Inc. bought a new stake in shares of Total Return Securities in the second quarter valued at about $55,000. Marex Group plc bought a new stake in shares of Total Return Securities in the fourth quarter valued at about $62,000. Capital Investment Counsel Inc bought a new stake in shares of Total Return Securities in the fourth quarter valued at about $93,000. TrueMark Investments LLC bought a new stake in shares of Total Return Securities in the fourth quarter valued at about $95,000. Finally, Bank of America Corp DE lifted its stake in shares of 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 buying an additional 10,795 shares during the period. Institutional investors and hedge funds 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.