Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Sees Significant Decline in Short Interest

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,250,000 shares, a decrease of 11.7% from the August 15th total of 7,080,000 shares. Based on an average trading volume of 682,800 shares, the short-interest ratio is presently 9.2 days.

Cornerstone Total Return Fund Stock Up 0.1 %

CRF traded up $0.01 during trading on Wednesday, hitting $7.84. The stock had a trading volume of 135,202 shares, compared to its average volume of 678,522. The business’s 50 day simple moving average is $7.56. Cornerstone Total Return Fund has a twelve month low of $6.05 and a twelve month high of $8.09.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.1037 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.24 annualized dividend and a yield of 15.87%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Alpine Global Management LLC boosted its holdings in Cornerstone Total Return Fund by 0.3% in the first quarter. Alpine Global Management LLC now owns 2,569,324 shares of the investment management company’s stock worth $19,296,000 after acquiring an additional 6,651 shares in the last quarter. Cable Car Capital LLC acquired a new stake in Cornerstone Total Return Fund in the 4th quarter worth approximately $4,672,000. Significant Wealth Partners LLC grew its position in Cornerstone Total Return Fund by 15.9% during the 1st quarter. Significant Wealth Partners LLC now owns 530,604 shares of the investment management company’s stock worth $3,985,000 after purchasing an additional 72,658 shares during the last quarter. Perennial Investment Advisors LLC increased its stake in Cornerstone Total Return Fund by 3.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 380,195 shares of the investment management company’s stock valued at $2,985,000 after purchasing an additional 13,186 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new position in shares of Cornerstone Total Return Fund in the second quarter worth $2,126,000. 10.41% of the stock is owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.