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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 10,330,000 shares, an increase of 27.4% from the January 31st total of 8,110,000 shares. Based on an average trading volume of 1,057,400 shares, the short-interest ratio is presently 9.8 days.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN CRF traded up $0.08 during trading hours on Wednesday, hitting $7.68. The company had a trading volume of 701,860 shares, compared to its average volume of 1,143,197. The firm has a 50 day moving average of $8.55. Cornerstone Total Return Fund has a 1-year low of $6.52 and a 1-year high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.1168 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 18.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRF. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Cornerstone Total Return Fund in the fourth quarter valued at $26,000. Quarry LP purchased a new position in shares of Cornerstone Total Return Fund during the third quarter worth about $42,000. Oppenheimer & Co. Inc. purchased a new position in shares of Cornerstone Total Return Fund during the third quarter worth about $120,000. Mariner LLC increased its position in Cornerstone Total Return Fund by 8.2% in the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock valued at $130,000 after acquiring an additional 1,134 shares during the period. Finally, BIP Wealth LLC purchased a new stake in Cornerstone Total Return Fund during the 4th quarter valued at approximately $139,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.

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.