Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 27.4% in February

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 10,330,000 shares, a growth of 27.4% from the January 31st total of 8,110,000 shares. Based on an average daily volume of 1,057,400 shares, the short-interest ratio is currently 9.8 days.

Institutional Trading of Cornerstone Total Return Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its stake in shares of Cornerstone Total Return Fund by 7.0% in the third quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company’s stock worth $616,000 after buying an additional 4,835 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Cornerstone Total Return Fund during the third quarter worth about $120,000. Main Street Financial Solutions LLC raised its stake in shares of Cornerstone Total Return Fund by 6.7% in the third quarter. Main Street Financial Solutions LLC now owns 46,143 shares of the investment management company’s stock valued at $373,000 after purchasing an additional 2,896 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Cornerstone Total Return Fund by 21.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 44,295 shares of the investment management company’s stock valued at $358,000 after acquiring an additional 7,935 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Cornerstone Total Return Fund in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.9 %

CRF stock traded down $0.07 during trading hours on Thursday, hitting $7.61. The company’s stock had a trading volume of 731,441 shares, compared to its average volume of 1,133,727. The stock has a 50 day moving average of $8.55. Cornerstone Total Return Fund has a 12 month low of $6.52 and a 12 month high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.1168 per share. This represents a $1.40 annualized dividend and a yield of 18.42%. 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.