Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Update

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 14,710,000 shares, a decrease of 11.9% from the January 15th total of 16,700,000 shares. Based on an average trading volume of 2,056,500 shares, the short-interest ratio is presently 7.2 days.

Cornerstone Strategic Value Fund Price Performance

Shares of NYSEAMERICAN:CLM traded down $0.13 on Monday, reaching $8.96. 1,724,965 shares of the company’s stock were exchanged, compared to its average volume of 1,624,517. Cornerstone Strategic Value Fund has a fifty-two week low of $6.50 and a fifty-two week high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.1224 per share. The ex-dividend date is Monday, June 16th. This represents a $1.47 annualized dividend and a yield of 16.39%.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

A number of large investors have recently bought and sold shares of the business. Planning Capital Management Corp increased its holdings in shares of Cornerstone Strategic Value Fund by 2,598.4% in the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after acquiring an additional 3,352 shares during the period. IFP Advisors Inc bought a new stake in shares of Cornerstone Strategic Value Fund during the fourth quarter valued at approximately $37,000. Larson Financial Group LLC boosted its position in shares of Cornerstone Strategic Value Fund by 51.4% during the third quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after buying an additional 2,296 shares during the period. Anfield Capital Management LLC acquired a new position in Cornerstone Strategic Value Fund during the 4th quarter worth $56,000. Finally, Assetmark Inc. bought a new position in Cornerstone Strategic Value Fund in the 4th quarter valued at about $60,000.

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.