Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Declines By 11.5%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFGet Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 6,260,000 shares, a decline of 11.5% from the May 15th total of 7,070,000 shares. Based on an average trading volume of 703,400 shares, the days-to-cover ratio is presently 8.9 days.

Cornerstone Total Return Fund Trading Down 0.1 %

Shares of NYSEAMERICAN CRF traded down $0.01 during midday trading on Tuesday, hitting $7.63. 363,079 shares of the company’s stock were exchanged, compared to its average volume of 663,187. The business has a 50 day moving average of $7.36. Cornerstone Total Return Fund has a 12 month low of $6.05 and a 12 month high of $8.56.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.1037 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.24 annualized dividend and a yield of 16.31%.

Institutional Trading of Cornerstone Total Return Fund

Several institutional investors have recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC lifted its position in shares of Cornerstone Total Return Fund by 61.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 10,166 shares during the period. Cable Car Capital LLC bought a new stake in shares of Cornerstone Total Return Fund during the 4th quarter valued at $4,672,000. PFG Investments LLC bought a new stake in shares of Cornerstone Total Return Fund during the 1st quarter valued at $874,000. Alpine Global Management LLC lifted its position in shares of Cornerstone Total Return Fund by 0.3% during the 1st quarter. Alpine Global Management LLC now owns 2,569,324 shares of the investment management company’s stock valued at $19,296,000 after acquiring an additional 6,651 shares during the period. Finally, Significant Wealth Partners LLC raised its holdings 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 buying an additional 72,658 shares in the last quarter. 10.41% of the stock is currently owned by institutional investors.

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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