Cornerstone Total Return Fund Inc (CRF) Short Interest Down 43.1% in October

Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 174,083 shares, a drop of 43.1% from the September 28th total of 305,986 shares. Based on an average trading volume of 453,466 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are short sold.

CRF stock opened at $11.43 on Friday. Cornerstone Total Return Fund has a fifty-two week low of $11.11 and a fifty-two week high of $16.22.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, October 15th will be issued a $0.2301 dividend. The ex-dividend date of this dividend is Friday, October 12th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 24.16%.

Several hedge funds have recently added to or reduced their stakes in CRF. Ford Financial Group Inc. increased its holdings in shares of Cornerstone Total Return Fund by 11.6% in the 2nd quarter. Ford Financial Group Inc. now owns 67,600 shares of the investment management company’s stock worth $934,000 after acquiring an additional 7,000 shares during the period. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Cornerstone Total Return Fund in the 2nd quarter worth about $2,889,000. Finally, Mariner Investment Group LLC acquired a new stake in shares of Cornerstone Total Return Fund in the 3rd quarter worth about $651,000.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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