Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Up 23.3% in October

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 15,580,000 shares, an increase of 23.3% from the September 30th total of 12,640,000 shares. Based on an average daily trading volume, of 1,550,300 shares, the short-interest ratio is currently 10.0 days.

Cornerstone Strategic Value Fund Price Performance

Shares of Cornerstone Strategic Value Fund stock traded up $0.01 during mid-day trading on Wednesday, hitting $8.05. The stock had a trading volume of 1,294,473 shares, compared to its average volume of 1,443,676. The firm’s 50-day simple moving average is $7.41. Cornerstone Strategic Value Fund has a 12-month low of $6.50 and a 12-month high of $8.17.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.1086 per share. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

Hedge funds have recently made changes to their positions in the stock. Karpus Management Inc. boosted its position in Cornerstone Strategic Value Fund by 224.1% in the 1st quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company’s stock valued at $14,620,000 after buying an additional 1,344,395 shares during the period. TrueMark Investments LLC purchased a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at approximately $4,500,000. Sea Otter Advisors LLC purchased a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at approximately $3,850,000. Strategic Financial Concepts LLC boosted its position in Cornerstone Strategic Value Fund by 800.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock valued at $39,000 after buying an additional 452,790 shares during the period. Finally, Doliver Advisors LP purchased a new position in Cornerstone Strategic Value Fund in the 3rd quarter valued at approximately $2,206,000.

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.