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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 7,030,000 shares, a decline of 12.6% from the October 15th total of 8,040,000 shares. Based on an average daily volume of 716,400 shares, the short-interest ratio is presently 9.8 days.

Cornerstone Total Return Fund Price Performance

Cornerstone Total Return Fund stock traded down $0.07 during mid-day trading on Monday, hitting $8.74. 1,151,364 shares of the company’s stock were exchanged, compared to its average volume of 706,944. Cornerstone Total Return Fund has a 1-year low of $6.52 and a 1-year high of $9.25. The business has a 50 day moving average price of $7.68.

Cornerstone Total Return Fund Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1168 per share. This represents a dividend yield of 16.7%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in Cornerstone Total Return Fund during the 3rd quarter worth $42,000. Voisard Asset Management Group Inc. bought a new position in shares of Cornerstone Total Return Fund in the second quarter worth about $73,000. Wedbush Securities Inc. acquired a new position in shares of Cornerstone Total Return Fund during the 2nd quarter worth about $106,000. Oppenheimer & Co. Inc. bought a new stake in Cornerstone Total Return Fund during the 3rd quarter valued at approximately $120,000. Finally, Prairie Sky Financial Group LLC acquired a new stake in Cornerstone Total Return Fund in the 3rd quarter valued at approximately $135,000. 10.41% of the stock is currently 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.