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

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

Cornerstone Total Return Fund Price Performance

Shares of Cornerstone Total Return Fund stock opened at $7.61 on Friday. The firm’s fifty day simple moving average is $8.55. Cornerstone Total Return Fund has a 1 year low of $6.52 and a 1 year high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

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

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several hedge funds have recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth $26,000. Quarry LP acquired a new stake in shares of Cornerstone Total Return Fund during the third quarter worth $42,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the third quarter worth $120,000. Mariner LLC lifted its holdings in shares of Cornerstone Total Return Fund by 8.2% during the fourth quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock worth $130,000 after buying an additional 1,134 shares in the last quarter. Finally, BIP Wealth LLC acquired a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth $139,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

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.