SRH Total Return Fund, Inc. (NYSE:STEW) Short Interest Up 87.4% in March

SRH Total Return Fund, Inc. (NYSE:STEW) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 26,800 shares, an increase of 87.4% from the February 28th total of 14,300 shares. Based on an average daily volume of 74,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of SRH Total Return Fund

A number of hedge funds have recently made changes to their positions in STEW. Buffington Mohr McNeal bought a new stake in SRH Total Return Fund in the fourth quarter worth $171,000. Steward Partners Investment Advisory LLC raised its position in shares of SRH Total Return Fund by 207.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock worth $182,000 after purchasing an additional 7,692 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in shares of SRH Total Return Fund in the 4th quarter worth about $197,000. Synovus Financial Corp bought a new position in SRH Total Return Fund in the 3rd quarter worth about $202,000. Finally, PNC Financial Services Group Inc. grew its position in 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 purchasing an additional 7,065 shares during the last quarter. 15.61% of the stock is owned by institutional investors.

SRH Total Return Fund Stock Down 0.8 %

Shares of NYSE:STEW traded down $0.13 during midday trading on Friday, reaching $17.17. The company’s stock had a trading volume of 338,453 shares, compared to its average volume of 83,432. The firm has a 50 day moving average of $16.66 and a 200-day moving average of $16.23. SRH Total Return Fund has a 12-month low of $14.19 and a 12-month high of $17.46.

SRH Total Return Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, April 23rd.

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.