Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Up 10.6% in July

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 14,660,000 shares, a growth of 10.6% from the June 30th total of 13,250,000 shares. Based on an average daily volume of 1,321,600 shares, the days-to-cover ratio is presently 11.1 days.

Cornerstone Strategic Value Fund Trading Up 0.4 %

Shares of CLM stock traded up $0.03 on Tuesday, hitting $7.74. The stock had a trading volume of 23,277 shares, compared to its average volume of 1,387,933. Cornerstone Strategic Value Fund has a 52-week low of $6.25 and a 52-week high of $8.84. The business has a 50 day simple moving average of $7.34.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.1086 dividend. The ex-dividend date of this dividend is Thursday, August 15th.

Institutional Trading of Cornerstone Strategic Value Fund

Hedge funds have recently made changes to their positions in the stock. Voisard Asset Management Group Inc. acquired a new stake in Cornerstone Strategic Value Fund in the 2nd quarter valued at approximately $72,000. StoneX Group Inc. bought a new position in Cornerstone Strategic Value Fund in the 4th quarter valued at about $144,000. Redhawk Wealth Advisors Inc. increased its stake in Cornerstone Strategic Value Fund by 25.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 22,200 shares of the investment management company’s stock valued at $171,000 after buying an additional 4,537 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Cornerstone Strategic Value Fund by 27.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,857 shares of the investment management company’s stock worth $315,000 after buying an additional 9,500 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of Cornerstone Strategic Value Fund by 9.1% in the 2nd quarter. Raymond James Trust N.A. now owns 43,303 shares of the investment management company’s stock worth $333,000 after acquiring an additional 3,602 shares during the period.

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.