Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Declines By 10.3%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 8,110,000 shares, a drop of 10.3% from the January 15th total of 9,040,000 shares. Based on an average trading volume of 999,000 shares, the short-interest ratio is currently 8.1 days.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Cornerstone Total Return Fund by 539.5% in the 4th quarter. Bank of America Corp DE now owns 304,728 shares of the investment management company’s stock worth $2,648,000 after purchasing an additional 257,077 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Cornerstone Total Return Fund in the fourth quarter worth $1,470,000. Alpine Global Management LLC raised its position in shares of Cornerstone Total Return Fund by 5.6% in the fourth quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company’s stock worth $23,572,000 after buying an additional 142,632 shares in the last quarter. Winebrenner Capital Management LLC bought a new stake in Cornerstone Total Return Fund during the fourth quarter valued at $956,000. Finally, TrueMark Investments LLC grew its position in Cornerstone Total Return Fund by 25.4% during the fourth quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company’s stock worth $4,646,000 after buying an additional 108,386 shares in the last quarter. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.4 %

NYSEAMERICAN CRF traded down $0.04 during trading hours on Tuesday, hitting $8.92. The company had a trading volume of 857,908 shares, compared to its average volume of 877,265. Cornerstone Total Return Fund has a 52 week low of $6.52 and a 52 week high of $9.75. The company’s 50 day moving average is $8.04.

Cornerstone Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.1168 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 15.71%.

Cornerstone Total Return Fund Company Profile

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.