Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Down 11.9% in January

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 14,710,000 shares, a decrease of 11.9% from the January 15th total of 16,700,000 shares. Based on an average trading volume of 2,056,500 shares, the days-to-cover ratio is currently 7.2 days.

Cornerstone Strategic Value Fund Stock Down 0.4 %

CLM stock traded down $0.04 on Tuesday, reaching $8.92. The company’s stock had a trading volume of 1,841,175 shares, compared to its average volume of 1,714,818. Cornerstone Strategic Value Fund has a 12-month low of $6.50 and a 12-month high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.1224 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 16.47%. The ex-dividend date of this dividend is Monday, June 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CLM. Strategic Financial Concepts LLC lifted its position in Cornerstone Strategic Value Fund by 784.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock valued at $5,508,000 after acquiring an additional 568,744 shares during the period. Alpine Global Management LLC raised its position in shares of Cornerstone Strategic Value Fund by 6.7% in the 4th quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company’s stock worth $54,132,000 after purchasing an additional 393,853 shares during the last quarter. LPL Financial LLC boosted its stake in Cornerstone Strategic Value Fund by 37.2% in the 4th quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company’s stock worth $11,223,000 after purchasing an additional 354,086 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cornerstone Strategic Value Fund during the 4th quarter valued at about $2,678,000. Finally, Sculptor Capital LP bought a new stake in Cornerstone Strategic Value Fund during the 4th quarter valued at about $1,560,000.

About Cornerstone Strategic Value Fund

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.