Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Down 15.5% in October

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 13,160,000 shares, a decline of 15.5% from the October 15th total of 15,580,000 shares. Based on an average daily trading volume, of 1,525,000 shares, the short-interest ratio is currently 8.6 days.

Cornerstone Strategic Value Fund Price Performance

NYSEAMERICAN:CLM traded down $0.04 on Monday, hitting $8.69. 2,294,964 shares of the company’s stock were exchanged, compared to its average volume of 1,502,800. The business has a 50-day simple moving average of $7.48. Cornerstone Strategic Value Fund has a 52 week low of $6.50 and a 52 week high of $9.00.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.1224 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 18.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers lifted its holdings in shares of Cornerstone Strategic Value Fund by 64.0% during the 2nd quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock worth $3,520,000 after acquiring an additional 178,437 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Cornerstone Strategic Value Fund in the third quarter worth $600,000. Aptus Capital Advisors LLC grew its holdings in shares of Cornerstone Strategic Value Fund by 44.4% during the third quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company’s stock valued at $1,504,000 after buying an additional 60,187 shares during the last quarter. Doliver Advisors LP bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter valued at about $2,206,000. Finally, Strategic Financial Concepts LLC raised its position 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 worth $39,000 after acquiring an additional 452,790 shares during the period.

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.