Total Return Securities, Inc. (NYSE:SWZ) Short Interest Up 78.3% in May
by Renee Jackson · The Cerbat GemTotal Return Securities, Inc. (NYSE:SWZ – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 7,355 shares, an increase of 78.3% from the April 30th total of 4,126 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 74,887 shares, the days-to-cover ratio is presently 0.1 days.
Insider Buying and Selling at Total Return Securities
In other Total Return Securities news, CEO Andrew Dakos purchased 12,500 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $5.97 per share, with a total value of $74,625.00. Following the transaction, the chief executive officer directly owned 62,095 shares in the company, valued at approximately $370,707.15. The trade was a 25.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Phillip Goldstein purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average cost of $5.98 per share, with a total value of $59,800.00. Following the completion of the transaction, the insider owned 113,234 shares in the company, valued at $677,139.32. This trade represents a 9.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 86,754 shares of company stock valued at $519,959 in the last three months. Insiders own 0.03% of the company’s stock.
Institutional Trading of Total Return Securities
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Total Return Securities during the second quarter valued at approximately $55,000. Marex Group plc purchased a new position in shares of Total Return Securities during the 4th quarter valued at $62,000. Capital Investment Counsel Inc bought a new position in Total Return Securities in the 4th quarter worth $93,000. TrueMark Investments LLC purchased a new stake in Total Return Securities in the 4th quarter worth $95,000. Finally, Bank of America Corp DE lifted its position 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 acquiring an additional 10,795 shares in the last quarter. 41.12% of the stock is owned by hedge funds and other institutional investors.
Total Return Securities Price Performance
Shares of SWZ stock opened at $5.97 on Tuesday. Total Return Securities has a one year low of $5.84 and a one year high of $6.43. The company’s 50-day moving average is $6.01 and its 200 day moving average is $6.07.
About Total Return Securities
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.