Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Sees Large Increase in Short Interest

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 8,040,000 shares, an increase of 22.0% from the September 30th total of 6,590,000 shares. Based on an average daily volume of 719,800 shares, the short-interest ratio is presently 11.2 days.

Cornerstone Total Return Fund Price Performance

Shares of Cornerstone Total Return Fund stock traded down $0.01 during midday trading on Wednesday, hitting $8.43. 549,456 shares of the company were exchanged, compared to its average volume of 679,583. The firm has a 50 day simple moving average of $7.64. Cornerstone Total Return Fund has a 52 week low of $6.35 and a 52 week high of $8.47.

Cornerstone Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.1037 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 14.77%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several large investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its holdings in Cornerstone Total Return Fund by 2.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 85,737 shares of the investment management company’s stock valued at $694,000 after purchasing an additional 2,273 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Cornerstone Total Return Fund by 2.6% in the second quarter. Atria Wealth Solutions Inc. now owns 173,084 shares of the investment management company’s stock valued at $1,359,000 after buying an additional 4,331 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Cornerstone Total Return Fund by 7.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company’s stock worth $616,000 after buying an additional 4,835 shares in the last quarter. Alpine Global Management LLC grew its holdings in Cornerstone Total Return Fund by 0.3% during the 1st quarter. Alpine Global Management LLC now owns 2,569,324 shares of the investment management company’s stock worth $19,296,000 after acquiring an additional 6,651 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Cornerstone Total Return Fund by 3.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock valued at $1,539,000 after acquiring an additional 7,020 shares in the last quarter. 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.