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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 7,030,000 shares, a decrease of 12.6% from the October 15th total of 8,040,000 shares. Based on an average trading volume of 716,400 shares, the short-interest ratio is currently 9.8 days.

Institutional Trading of Cornerstone Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alpine Global Management LLC lifted its stake in Cornerstone Total Return Fund by 0.3% during the first quarter. Alpine Global Management LLC now owns 2,569,324 shares of the investment management company’s stock worth $19,296,000 after purchasing an additional 6,651 shares during the period. Voisard Asset Management Group Inc. acquired a new stake in Cornerstone Total Return Fund in the 2nd quarter valued at $73,000. Raymond James & Associates grew its position in Cornerstone Total Return Fund by 330.1% in the second quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after acquiring an additional 141,815 shares during the period. Atria Wealth Solutions Inc. grew its position in Cornerstone Total Return Fund by 2.6% in the second quarter. Atria Wealth Solutions Inc. now owns 173,084 shares of the investment management company’s stock valued at $1,359,000 after acquiring an additional 4,331 shares during the period. Finally, BCR Wealth Strategies LLC acquired a new position in Cornerstone Total Return Fund during the second quarter worth $344,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

CRF stock traded down $0.07 during midday trading on Monday, hitting $8.74. The stock had a trading volume of 1,151,364 shares, compared to its average volume of 706,944. Cornerstone Total Return Fund has a 52 week low of $6.52 and a 52 week high of $9.25. The stock’s 50-day simple moving average is $7.68.

Cornerstone Total Return Fund Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1168 per share. This represents a dividend yield of 16.7%. The ex-dividend date of this dividend is Friday, March 14th.

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.