Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Increases By 29.3%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 9,090,000 shares, an increase of 29.3% from the October 31st total of 7,030,000 shares. Based on an average daily volume of 774,000 shares, the days-to-cover ratio is currently 11.7 days.

Institutional Investors Weigh In On Cornerstone Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TrueMark Investments LLC acquired a new position in Cornerstone Total Return Fund during the second quarter valued at approximately $2,126,000. Raymond James & Associates boosted its holdings in shares of Cornerstone Total Return Fund by 330.1% in the 2nd quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after buying an additional 141,815 shares during the last quarter. Sea Otter Advisors LLC bought a new position in shares of Cornerstone Total Return Fund in the second quarter valued at $785,000. BCR Wealth Strategies LLC acquired a new position in Cornerstone Total Return Fund during the second quarter worth $344,000. Finally, Doliver Advisors LP bought a new stake in Cornerstone Total Return Fund during the third quarter worth $328,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Stock Performance

CRF traded up $0.19 during trading on Monday, reaching $9.49. 810,680 shares of the company’s stock were exchanged, compared to its average volume of 703,757. The firm has a fifty day moving average of $7.72. Cornerstone Total Return Fund has a fifty-two week low of $6.52 and a fifty-two week high of $9.50.

Cornerstone Total Return Fund Announces Dividend

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

About Cornerstone Total Return Fund

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.