Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Update

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 6,640,000 shares, a growth of 6.2% from the August 31st total of 6,250,000 shares. Based on an average trading volume of 702,800 shares, the short-interest ratio is currently 9.4 days.

Cornerstone Total Return Fund Trading Down 0.9 %

NYSEAMERICAN CRF opened at $8.02 on Wednesday. The stock’s 50-day simple moving average is $7.58. Cornerstone Total Return Fund has a twelve month low of $6.05 and a twelve month high of $8.10.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.1037 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.24 annualized dividend and a dividend yield of 15.52%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several hedge funds have recently modified their holdings of CRF. Voisard Asset Management Group Inc. purchased a new stake in Cornerstone Total Return Fund during the second quarter valued at about $73,000. Wedbush Securities Inc. purchased a new stake in shares of Cornerstone Total Return Fund during the 2nd quarter worth about $106,000. Virtu Financial LLC purchased a new position in Cornerstone Total Return Fund in the fourth quarter valued at approximately $182,000. Main Street Financial Solutions LLC raised its holdings in Cornerstone Total Return Fund by 46.4% in the second quarter. Main Street Financial Solutions LLC now owns 43,247 shares of the investment management company’s stock valued at $339,000 after buying an additional 13,702 shares during the period. Finally, BCR Wealth Strategies LLC acquired a new position in Cornerstone Total Return Fund during the second quarter valued at approximately $344,000. 10.41% of the stock is owned by institutional investors and hedge funds.

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.