Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 22.0% in October

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large increase in short interest in 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 Trading Down 0.2 %

Shares of CRF stock traded down $0.01 during trading on Wednesday, reaching $8.43. 549,456 shares of the company’s stock were exchanged, compared to its average volume of 679,583. Cornerstone Total Return Fund has a twelve month low of $6.35 and a twelve month high of $8.47. The business has a fifty day moving average price of $7.64.

Cornerstone Total Return Fund Announces Dividend

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

Hedge Funds Weigh In On Cornerstone Total Return Fund

A number of hedge funds have recently bought and sold shares of the business. Sea Otter Advisors LLC acquired a new stake in shares of Cornerstone Total Return Fund during the 2nd quarter valued at $785,000. Raymond James & Associates raised its position in shares of Cornerstone Total Return Fund by 330.1% during the second quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock worth $1,450,000 after purchasing an additional 141,815 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Cornerstone Total Return Fund by 3.5% during the first quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock valued at $1,539,000 after buying an additional 7,020 shares during the last quarter. Perennial Investment Advisors LLC boosted its stake in Cornerstone Total Return Fund by 3.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 380,195 shares of the investment management company’s stock valued at $2,985,000 after purchasing an additional 13,186 shares during the last quarter. Finally, Doliver Advisors LP bought a new stake in Cornerstone Total Return Fund during the third quarter worth $328,000. 10.41% of the stock is owned by institutional investors.

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.