Short Interest in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Drops By 7.0%

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 13,470,000 shares, a decrease of 7.0% from the December 15th total of 14,490,000 shares. Based on an average trading volume of 2,073,000 shares, the days-to-cover ratio is currently 6.5 days.

Cornerstone Strategic Value Fund Price Performance

Shares of CLM traded up $0.06 on Friday, reaching $8.66. The company’s stock had a trading volume of 1,058,182 shares, compared to its average volume of 1,319,231. Cornerstone Strategic Value Fund has a 12-month low of $6.50 and a 12-month high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a $0.1224 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a yield of 16.92%.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

A number of hedge funds have recently modified their holdings of the business. Planning Capital Management Corp lifted its position in shares of Cornerstone Strategic Value Fund by 2,598.4% during the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock valued at $27,000 after buying an additional 3,352 shares in the last quarter. Larson Financial Group LLC raised its stake in Cornerstone Strategic Value Fund by 51.4% during the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after acquiring an additional 2,296 shares during the period. Townsquare Capital LLC purchased a new position in Cornerstone Strategic Value Fund during the third quarter valued at approximately $83,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Cornerstone Strategic Value Fund in the third quarter worth approximately $102,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Cornerstone Strategic Value Fund in the third quarter worth approximately $107,000.

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.