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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 14,660,000 shares, an increase of 10.6% from the June 30th total of 13,250,000 shares. Based on an average daily trading volume, of 1,321,600 shares, the short-interest ratio is currently 11.1 days.

Cornerstone Strategic Value Fund Stock Performance

CLM stock traded up $0.03 during mid-day trading on Tuesday, reaching $7.74. The company’s stock had a trading volume of 23,277 shares, compared to its average volume of 1,387,933. Cornerstone Strategic Value Fund has a 12 month low of $6.25 and a 12 month high of $8.84. The business’s 50 day moving average price is $7.34.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.1086 dividend. The ex-dividend date is Thursday, August 15th.

Institutional Trading of Cornerstone Strategic Value Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLM. Voisard Asset Management Group Inc. bought a new stake in shares of Cornerstone Strategic Value Fund during the second quarter valued at approximately $72,000. StoneX Group Inc. acquired a new position in Cornerstone Strategic Value Fund during the fourth quarter worth $144,000. Redhawk Wealth Advisors Inc. lifted its stake in shares of Cornerstone Strategic Value Fund by 25.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 22,200 shares of the investment management company’s stock valued at $171,000 after buying an additional 4,537 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Cornerstone Strategic Value Fund by 27.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,857 shares of the investment management company’s stock worth $315,000 after acquiring an additional 9,500 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in shares of Cornerstone Strategic Value Fund by 9.1% in the 2nd quarter. Raymond James Trust N.A. now owns 43,303 shares of the investment management company’s stock worth $333,000 after acquiring an additional 3,602 shares during the last quarter.

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.