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

SRH Total Return Fund, Inc. (NYSE:STEW) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,300 shares, a decline of 22.7% from the February 13th total of 18,500 shares. Based on an average daily volume of 78,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of SRH Total Return Fund

Institutional investors have recently added to or reduced their stakes in the company. Buffington Mohr McNeal bought a new stake in shares of SRH Total Return Fund during the 4th quarter valued at $171,000. Steward Partners Investment Advisory LLC lifted its position in shares of SRH Total Return Fund by 207.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock valued at $182,000 after acquiring an additional 7,692 shares during the period. Absolute Investment Advisers LLC bought a new stake in shares of SRH Total Return Fund during the 4th quarter valued at $197,000. Synovus Financial Corp bought a new stake in shares of SRH Total Return Fund during the 3rd quarter valued at $202,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of SRH Total Return Fund by 110.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company’s stock valued at $216,000 after acquiring an additional 7,065 shares during the period. 15.61% of the stock is currently owned by institutional investors.

SRH Total Return Fund Stock Performance

STEW traded up $0.02 during trading on Tuesday, hitting $16.58. The stock had a trading volume of 63,761 shares, compared to its average volume of 77,992. The company has a 50 day moving average price of $16.52 and a 200-day moving average price of $16.17. SRH Total Return Fund has a one year low of $14.19 and a one year high of $17.10.

SRH Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 annualized dividend and a yield of 3.98%.

About SRH Total Return Fund

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.