Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Sees Large Decline in Short Interest

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

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN:CRF traded down $0.14 on Monday, hitting $8.96. 769,859 shares of the company’s stock were exchanged, compared to its average volume of 865,647. Cornerstone Total Return Fund has a 1-year low of $6.52 and a 1-year high of $9.75. The stock’s 50-day moving average is $8.04.

Cornerstone Total Return Fund Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, June 16th. This represents a $1.40 annualized dividend and a dividend yield of 15.64%.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Several large investors have recently bought and sold shares of CRF. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Cornerstone Total Return Fund in the fourth quarter valued at approximately $26,000. Quarry LP acquired a new stake in Cornerstone Total Return Fund during the 3rd quarter worth approximately $42,000. Oppenheimer & Co. Inc. purchased a new position in shares of Cornerstone Total Return Fund in the 3rd quarter valued at approximately $120,000. Mariner LLC increased its holdings in shares of Cornerstone Total Return Fund by 8.2% in the fourth quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 1,134 shares during the period. Finally, BIP Wealth LLC purchased a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth approximately $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.