Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Grows By 29.3%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 9,090,000 shares, a growth of 29.3% from the October 31st total of 7,030,000 shares. Based on an average trading volume of 774,000 shares, the short-interest ratio is currently 11.7 days.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in shares of Cornerstone Total Return Fund during the third quarter valued at approximately $42,000. Voisard Asset Management Group Inc. purchased a new stake in Cornerstone Total Return Fund during the 2nd quarter valued at about $73,000. Wedbush Securities Inc. acquired a new position in shares of Cornerstone Total Return Fund in the second quarter valued at about $106,000. Oppenheimer & Co. Inc. purchased a new position in shares of Cornerstone Total Return Fund in the third quarter worth about $120,000. Finally, Prairie Sky Financial Group LLC acquired a new stake in shares of Cornerstone Total Return Fund during the third quarter worth about $135,000. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Stock Performance

NYSEAMERICAN CRF remained flat at $9.30 on Monday. 78,411 shares of the company’s stock were exchanged, compared to its average volume of 700,637. The company’s 50 day moving average is $7.72. Cornerstone Total Return Fund has a one year low of $6.52 and a one year high of $9.31.

Cornerstone Total Return Fund Announces Dividend

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

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.