Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Up 25.5% in February

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 18,460,000 shares, an increase of 25.5% from the January 31st total of 14,710,000 shares. Based on an average daily volume of 2,143,900 shares, the short-interest ratio is currently 8.6 days.

Cornerstone Strategic Value Fund Price Performance

CLM stock traded up $0.06 during midday trading on Wednesday, hitting $7.98. The stock had a trading volume of 1,627,067 shares, compared to its average volume of 1,705,135. Cornerstone Strategic Value Fund has a 52 week low of $6.50 and a 52 week high of $9.30. The stock’s 50-day simple moving average is $8.54.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.1224 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 18.41%. The ex-dividend date is Monday, June 16th.

Institutional Trading of Cornerstone Strategic Value Fund

Institutional investors have recently made changes to their positions in the business. Planning Capital Management Corp lifted its stake in Cornerstone Strategic Value Fund by 2,598.4% during the third quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after purchasing an additional 3,352 shares during the period. IFP Advisors Inc bought a new position in shares of Cornerstone Strategic Value Fund during the 4th quarter worth approximately $37,000. Park Square Financial Group LLC bought a new position in shares of Cornerstone Strategic Value Fund during the 4th quarter worth approximately $49,000. Anfield Capital Management LLC acquired a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at $56,000. Finally, Larson Financial Group LLC grew its position in Cornerstone Strategic Value Fund by 51.4% in the third quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 2,296 shares during the period.

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.