Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Sees Large Decline in Short Interest

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 13,470,000 shares, a decline of 7.0% from the December 15th total of 14,490,000 shares. Based on an average daily volume of 2,073,000 shares, the short-interest ratio is currently 6.5 days.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Several institutional investors have recently modified their holdings of CLM. B. Riley Wealth Advisors Inc. grew its position in shares of Cornerstone Strategic Value Fund by 11.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 1,502 shares during the last quarter. Larson Financial Group LLC lifted its stake in Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after buying an additional 2,296 shares in the last quarter. Planning Capital Management Corp grew its holdings in Cornerstone Strategic Value Fund by 2,598.4% during the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock valued at $27,000 after buying an additional 3,352 shares during the last quarter. Private Advisor Group LLC grew its holdings in Cornerstone Strategic Value Fund by 8.4% during the 3rd quarter. Private Advisor Group LLC now owns 56,996 shares of the investment management company’s stock valued at $438,000 after buying an additional 4,395 shares during the last quarter. Finally, Quarry LP increased its position in Cornerstone Strategic Value Fund by 1.0% during the third quarter. Quarry LP now owns 474,958 shares of the investment management company’s stock worth $3,648,000 after buying an additional 4,712 shares in the last quarter.

Cornerstone Strategic Value Fund Trading Up 0.7 %

NYSEAMERICAN:CLM opened at $8.66 on Monday. Cornerstone Strategic Value Fund has a 1 year low of $6.50 and a 1 year high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a $0.1224 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a yield of 16.92%.

Cornerstone Strategic Value Fund Company Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.