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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 6,040,000 shares, a decrease of 13.3% from the July 15th total of 6,970,000 shares. Based on an average daily volume of 691,600 shares, the short-interest ratio is currently 8.7 days.

Institutional Trading of Cornerstone Total Return Fund

Hedge funds have recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. bought a new position in Cornerstone Total Return Fund in the second quarter valued at approximately $73,000. Wedbush Securities Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the second quarter worth $106,000. Virtu Financial LLC acquired a new position in Cornerstone Total Return Fund in the 4th quarter worth $182,000. Main Street Financial Solutions LLC increased its holdings in Cornerstone Total Return Fund by 61.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock worth $188,000 after purchasing an additional 10,166 shares in the last quarter. Finally, BCR Wealth Strategies LLC acquired a new stake in shares of Cornerstone Total Return Fund in the 2nd quarter valued at about $344,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN:CRF traded up $0.02 during midday trading on Monday, reaching $7.64. The company’s stock had a trading volume of 174,710 shares, compared to its average volume of 679,901. Cornerstone Total Return Fund has a fifty-two week low of $6.05 and a fifty-two week high of $8.33. The stock’s fifty day simple moving average is $7.52.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.1037 dividend. This represents a $1.24 annualized dividend and a dividend yield of 16.29%. The ex-dividend date is Monday, December 16th.

About Cornerstone Total Return Fund

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.