Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) saw a large drop in short interest in March. As of March 29th, there was short interest totalling 12,010 shares, a drop of 88.6% from the March 15th total of 105,509 shares. Based on an average daily volume of 309,231 shares, the short-interest ratio is presently 0.0 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quad Cities Investment Group LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 34.3% in the fourth quarter. Quad Cities Investment Group LLC now owns 4,873 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,244 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter worth about $61,000. Summit Securities Group LLC acquired a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter worth about $150,000. MML Investors Services LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 11.2% in the 4th quarter. MML Investors Services LLC now owns 13,913 shares of the investment management company’s stock worth $156,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Cetera Advisor Networks LLC bought a new position in Cornerstone Strategic Value Fund in the 4th quarter valued at about $178,000.

NYSEAMERICAN CLM opened at $12.43 on Wednesday. Cornerstone Strategic Value Fund has a 12-month low of $9.31 and a 12-month high of $48.03.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.2053 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.46 dividend on an annualized basis and a yield of 19.82%.

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About Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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