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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 8,110,000 shares, a decline of 10.3% from the January 15th total of 9,040,000 shares. Based on an average daily volume of 999,000 shares, the days-to-cover ratio is presently 8.1 days.

Cornerstone Total Return Fund Trading Down 1.5 %

Cornerstone Total Return Fund stock traded down $0.14 during midday trading on Monday, reaching $8.96. 769,859 shares of the stock traded hands, compared to its average volume of 865,647. The business’s fifty day moving average price is $8.04. Cornerstone Total Return Fund has a 12 month low of $6.52 and a 12 month high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid 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 15.64%.

Institutional Trading of Cornerstone Total Return Fund

A number of large investors have recently made changes to their positions in CRF. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Cornerstone Total Return Fund in the 4th quarter worth about $26,000. Quarry LP bought a new stake in Cornerstone Total Return Fund in the third quarter worth about $42,000. Oppenheimer & Co. Inc. bought a new stake in Cornerstone Total Return Fund in the third quarter worth about $120,000. Mariner LLC boosted its position in shares of Cornerstone Total Return Fund by 8.2% during the fourth quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock valued at $130,000 after buying an additional 1,134 shares during the period. Finally, BIP Wealth LLC bought a new position in shares of Cornerstone Total Return Fund during the fourth quarter valued at approximately $139,000. 10.41% of the stock is currently owned by institutional investors.

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.