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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,390,000 shares, a decrease of 6.8% from the December 15th total of 7,930,000 shares. Based on an average daily trading volume, of 964,600 shares, the short-interest ratio is currently 7.7 days.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN CRF traded up $0.10 during trading on Friday, hitting $8.67. 732,665 shares of the stock traded hands, compared to its average volume of 613,921. Cornerstone Total Return Fund has a 12-month low of $6.52 and a 12-month high of $9.75. The company has a 50-day moving average of $7.98.

Cornerstone Total Return Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.1168 dividend. This represents a dividend yield of 16.2%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several large investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Cornerstone Total Return Fund during the third quarter valued at approximately $42,000. Oppenheimer & Co. Inc. bought a new position in shares of Cornerstone Total Return Fund during the 3rd quarter valued at approximately $120,000. Prairie Sky Financial Group LLC purchased a new stake in Cornerstone Total Return Fund during the 3rd quarter valued at $135,000. Virtu Financial LLC lifted its position in Cornerstone Total Return Fund by 70.3% in the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock worth $151,000 after buying an additional 7,696 shares during the last quarter. Finally, Doliver Advisors LP purchased a new position in Cornerstone Total Return Fund during the third quarter worth $328,000. 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.