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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,390,000 shares, a decrease of 6.8% from the December 15th total of 7,930,000 shares. Based on an average trading volume of 964,600 shares, the days-to-cover ratio is currently 7.7 days.

Cornerstone Total Return Fund Price Performance

CRF stock traded up $0.10 during trading on Friday, hitting $8.67. The company had a trading volume of 732,665 shares, compared to its average volume of 613,921. Cornerstone Total Return Fund has a 52-week low of $6.52 and a 52-week high of $9.75. The firm has a 50 day moving average of $7.98.

Cornerstone Total Return Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a dividend of $0.1168 per share. This represents a yield of 16.2%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sea Otter Advisors LLC bought a new stake in shares of Cornerstone Total Return Fund in the 2nd quarter valued at about $785,000. Doliver Advisors LP purchased a new position in Cornerstone Total Return Fund during the third quarter valued at approximately $328,000. Prairie Sky Financial Group LLC bought a new position in Cornerstone Total Return Fund in the third quarter worth approximately $135,000. Creative Financial Designs Inc. ADV raised its stake in Cornerstone Total Return Fund by 2.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 85,737 shares of the investment management company’s stock worth $694,000 after buying an additional 2,273 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in Cornerstone Total Return Fund by 7.0% during the third quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company’s stock worth $616,000 after buying an additional 4,835 shares during the period. Institutional investors own 10.41% of the company’s stock.

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.