Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Update

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 8,110,000 shares, a decline of 10.3% from the January 15th total of 9,040,000 shares. Based on an average daily volume of 999,000 shares, the short-interest ratio is presently 8.1 days.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several large investors have recently modified their holdings of CRF. Bank of America Corp DE grew its holdings in Cornerstone Total Return Fund by 539.5% during the fourth quarter. Bank of America Corp DE now owns 304,728 shares of the investment management company’s stock valued at $2,648,000 after purchasing an additional 257,077 shares during the period. Raymond James Financial Inc. purchased a new stake in Cornerstone Total Return Fund during the fourth quarter valued at about $1,470,000. Alpine Global Management LLC increased its stake in shares of Cornerstone Total Return Fund by 5.6% in the fourth quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company’s stock worth $23,572,000 after purchasing an additional 142,632 shares in the last quarter. Winebrenner Capital Management LLC purchased a new position in shares of Cornerstone Total Return Fund in the fourth quarter worth about $956,000. Finally, TrueMark Investments LLC raised its position in shares of Cornerstone Total Return Fund by 25.4% in the fourth quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company’s stock valued at $4,646,000 after purchasing an additional 108,386 shares during the period. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

CRF traded down $0.04 during trading on Tuesday, hitting $8.92. 857,908 shares of the company traded hands, compared to its average volume of 877,265. Cornerstone Total Return Fund has a one year low of $6.52 and a one year high of $9.75. The firm’s fifty day moving average price is $8.04.

Cornerstone Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.1168 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 15.71%. The ex-dividend date of this dividend is Monday, June 16th.

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.