Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Update

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 6,970,000 shares, an increase of 13.7% from the June 30th total of 6,130,000 shares. Based on an average daily trading volume, of 641,300 shares, the days-to-cover ratio is currently 10.9 days.

Hedge Funds Weigh In On Cornerstone Total Return Fund

A number of large investors have recently modified their holdings of CRF. Voisard Asset Management Group Inc. bought a new position in Cornerstone Total Return Fund during the 2nd quarter valued at $73,000. Virtu Financial LLC bought a new position in Cornerstone Total Return Fund during the 4th quarter valued at $182,000. Main Street Financial Solutions LLC lifted its stake in Cornerstone Total Return Fund by 61.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 10,166 shares in the last quarter. BCR Wealth Strategies LLC bought a new position in Cornerstone Total Return Fund during the 2nd quarter valued at $344,000. Finally, StoneX Group Inc. lifted its stake in Cornerstone Total Return Fund by 36.4% during the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock valued at $349,000 after acquiring an additional 12,391 shares in the last quarter. 10.41% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Stock Up 0.9 %

Shares of CRF stock traded up $0.07 during trading hours on Wednesday, hitting $7.84. 761,735 shares of the company were exchanged, compared to its average volume of 659,990. Cornerstone Total Return Fund has a fifty-two week low of $6.05 and a fifty-two week high of $8.56. The company’s 50 day simple moving average is $7.46.

Cornerstone Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.1037 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 15.87%. The ex-dividend date is Thursday, August 15th.

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.