Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) was the target of a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 231,958 shares, an increase of 32.4% from the December 15th total of 175,250 shares. Based on an average trading volume of 261,114 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the company’s stock are sold short.

A number of hedge funds and other institutional investors have recently made changes to their positions in CLM. Citadel Advisors LLC acquired a new position in Cornerstone Strategic Value Fund during the second quarter worth approximately $180,000. Private Advisor Group LLC increased its position in Cornerstone Strategic Value Fund by 29.8% during the second quarter. Private Advisor Group LLC now owns 14,876 shares of the investment management company’s stock worth $241,000 after buying an additional 3,419 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Cornerstone Strategic Value Fund during the third quarter worth approximately $273,000. Advisor Group Inc. increased its position in Cornerstone Strategic Value Fund by 2.8% during the second quarter. Advisor Group Inc. now owns 18,289 shares of the investment management company’s stock worth $291,000 after buying an additional 500 shares during the last quarter. Finally, Citigroup Inc. increased its position in Cornerstone Strategic Value Fund by 6,462.5% during the second quarter. Citigroup Inc. now owns 52,500 shares of the investment management company’s stock worth $834,000 after buying an additional 51,700 shares during the last quarter.

Shares of Cornerstone Strategic Value Fund (CLM) opened at $16.06 on Monday. Cornerstone Strategic Value Fund has a 12-month low of $13.90 and a 12-month high of $17.21.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.2365 per share. This represents a $2.84 dividend on an annualized basis and a yield of 17.67%. The ex-dividend date of this dividend is Wednesday, February 14th.

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Cornerstone Strategic Value Fund Company Profile

Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.

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