Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Sees Large Increase in Short Interest

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 14,660,000 shares, a growth of 10.6% from the June 30th total of 13,250,000 shares. Based on an average daily trading volume, of 1,321,600 shares, the short-interest ratio is presently 11.1 days.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Several large investors have recently made changes to their positions in CLM. Voisard Asset Management Group Inc. acquired a new stake in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $72,000. StoneX Group Inc. acquired a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $144,000. Redhawk Wealth Advisors Inc. boosted its stake in shares of Cornerstone Strategic Value Fund by 25.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 22,200 shares of the investment management company’s stock worth $171,000 after acquiring an additional 4,537 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 27.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,857 shares of the investment management company’s stock worth $315,000 after acquiring an additional 9,500 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in Cornerstone Strategic Value Fund by 9.1% in the 2nd quarter. Raymond James Trust N.A. now owns 43,303 shares of the investment management company’s stock valued at $333,000 after acquiring an additional 3,602 shares during the period.

Cornerstone Strategic Value Fund Trading Up 0.5 %

CLM traded up $0.04 during trading hours on Wednesday, hitting $7.70. 1,346,150 shares of the company’s stock were exchanged, compared to its average volume of 1,396,050. Cornerstone Strategic Value Fund has a 1-year low of $6.25 and a 1-year high of $8.84. The firm has a 50-day moving average price of $7.34.

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.1086 per share. The ex-dividend date is Thursday, August 15th.

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.