Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Declines By 6.8%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 7,390,000 shares, a decrease of 6.8% from the December 15th total of 7,930,000 shares. Based on an average daily trading volume, of 964,600 shares, the short-interest ratio is currently 7.7 days.

Cornerstone Total Return Fund Trading Up 1.2 %

Cornerstone Total Return Fund stock traded up $0.10 during midday trading on Friday, reaching $8.67. 732,665 shares of the stock were exchanged, compared to its average volume of 613,921. Cornerstone Total Return Fund has a 52 week low of $6.52 and a 52 week high of $9.75. The firm has a fifty day simple moving average of $7.98.

Cornerstone Total Return Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a $0.1168 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 16.2%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Cornerstone Total Return Fund in the 3rd quarter worth about $42,000. Oppenheimer & Co. Inc. bought a new position in shares of Cornerstone Total Return Fund in the third quarter worth approximately $120,000. Prairie Sky Financial Group LLC bought a new position in shares of Cornerstone Total Return Fund in the third quarter worth approximately $135,000. Virtu Financial LLC raised its stake in Cornerstone Total Return Fund by 70.3% in the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 7,696 shares in the last quarter. Finally, Doliver Advisors LP bought a new stake in Cornerstone Total Return Fund during the third quarter valued at approximately $328,000. Institutional investors 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.