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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 13,470,000 shares, a drop of 7.0% from the December 15th total of 14,490,000 shares. Based on an average trading volume of 2,073,000 shares, the short-interest ratio is presently 6.5 days.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

Several large investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $1,367,000. Cetera Investment Advisers increased its position in Cornerstone Strategic Value Fund by 64.0% in the 2nd quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock valued at $3,520,000 after acquiring an additional 178,437 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in Cornerstone Strategic Value Fund during the 3rd quarter valued at approximately $600,000. Aptus Capital Advisors LLC lifted its position in Cornerstone Strategic Value Fund by 44.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company’s stock worth $1,504,000 after acquiring an additional 60,187 shares during the period. Finally, Jane Street Group LLC lifted its position in Cornerstone Strategic Value Fund by 303.7% during the 3rd quarter. Jane Street Group LLC now owns 43,292 shares of the investment management company’s stock worth $332,000 after acquiring an additional 32,567 shares during the period.

Cornerstone Strategic Value Fund Stock Up 0.7 %

Shares of CLM opened at $8.66 on Monday. Cornerstone Strategic Value Fund has a twelve month low of $6.50 and a twelve month high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a $0.1224 dividend. This represents a dividend yield of 16.92%. The ex-dividend date is Wednesday, January 15th.

Cornerstone Strategic Value Fund Company Profile

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.