Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Sees Large Growth in Short Interest

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFGet Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 8,040,000 shares, a growth of 22.0% from the September 30th total of 6,590,000 shares. Based on an average trading volume of 719,800 shares, the days-to-cover ratio is presently 11.2 days.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its position in shares of Cornerstone Total Return Fund by 3.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock worth $1,539,000 after purchasing an additional 7,020 shares in the last quarter. StoneX Group Inc. increased its position in shares of Cornerstone Total Return Fund by 36.4% during the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock valued at $349,000 after purchasing an additional 12,391 shares during the last quarter. Significant Wealth Partners LLC boosted its stake in shares of Cornerstone Total Return Fund by 15.9% during the 1st quarter. Significant Wealth Partners LLC now owns 530,604 shares of the investment management company’s stock worth $3,985,000 after acquiring an additional 72,658 shares during the last quarter. Alpine Global Management LLC grew its holdings 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 valued at $19,296,000 after purchasing an additional 6,651 shares during the period. Finally, Voisard Asset Management Group Inc. purchased a new stake in Cornerstone Total Return Fund in the 2nd quarter worth approximately $73,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.2 %

CRF stock traded down $0.01 during mid-day trading on Wednesday, hitting $8.43. 549,456 shares of the stock were exchanged, compared to its average volume of 679,583. Cornerstone Total Return Fund has a 12 month low of $6.35 and a 12 month high of $8.47. The firm’s fifty day simple moving average is $7.64.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.1037 per share. The ex-dividend date is Friday, November 15th. This represents a $1.24 annualized dividend and a yield of 14.77%.

Cornerstone Total Return Fund Company Profile

(Get Free Report)

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.

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