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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 14,710,000 shares, a drop of 11.9% from the January 15th total of 16,700,000 shares. Based on an average daily volume of 2,056,500 shares, the days-to-cover ratio is currently 7.2 days.

Cornerstone Strategic Value Fund Trading Down 1.4 %

Cornerstone Strategic Value Fund stock traded down $0.13 during midday trading on Monday, reaching $8.96. The stock had a trading volume of 1,724,965 shares, compared to its average volume of 1,624,517. Cornerstone Strategic Value Fund has a twelve month low of $6.50 and a twelve month high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently announced 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 16.39%. The ex-dividend date of this dividend is Monday, June 16th.

Institutional Trading of Cornerstone Strategic Value Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Evernest Financial Advisors LLC boosted its stake in shares of Cornerstone Strategic Value Fund by 143.2% in the third quarter. Evernest Financial Advisors LLC now owns 34,251 shares of the investment management company’s stock valued at $263,000 after purchasing an additional 20,167 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Cornerstone Strategic Value Fund during the third quarter worth about $164,000. Private Advisor Group LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 8.4% in the third quarter. Private Advisor Group LLC now owns 56,996 shares of the investment management company’s stock worth $438,000 after acquiring an additional 4,395 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Cornerstone Strategic Value Fund in the third quarter valued at about $209,000. Finally, Grimes & Company Inc. grew its stake in Cornerstone Strategic Value Fund by 98.6% during the 3rd quarter. Grimes & Company Inc. now owns 42,490 shares of the investment management company’s stock valued at $326,000 after purchasing an additional 21,094 shares in the last quarter.

About Cornerstone Strategic Value Fund

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.