Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Up 23.3% in October

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 15,580,000 shares, a growth of 23.3% from the September 30th total of 12,640,000 shares. Based on an average daily volume of 1,550,300 shares, the days-to-cover ratio is currently 10.0 days.

Cornerstone Strategic Value Fund Trading Up 0.1 %

Shares of CLM traded up $0.01 during midday trading on Wednesday, reaching $8.05. The stock had a trading volume of 1,294,473 shares, compared to its average volume of 1,443,676. Cornerstone Strategic Value Fund has a 1-year low of $6.50 and a 1-year high of $8.17. The business has a fifty day moving average price of $7.41.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.1086 dividend. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC raised its stake in Cornerstone Strategic Value Fund by 0.3% during the 1st quarter. Alpine Global Management LLC now owns 5,399,519 shares of the investment management company’s stock worth $40,604,000 after acquiring an additional 14,168 shares in the last quarter. Karpus Management Inc. raised its stake in Cornerstone Strategic Value Fund by 224.1% during the 1st quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company’s stock worth $14,620,000 after acquiring an additional 1,344,395 shares in the last quarter. TrueMark Investments LLC acquired a new stake in Cornerstone Strategic Value Fund during the 2nd quarter worth $4,500,000. Strategic Financial Concepts LLC increased its stake in Cornerstone Strategic Value Fund by 800.0% in the second quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 452,790 shares during the period. Finally, Sea Otter Advisors LLC acquired a new position in Cornerstone Strategic Value Fund in the second quarter valued at $3,850,000.

Cornerstone Strategic Value Fund Company Profile

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.