Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Update

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 9,660,000 shares, a drop of 26.9% from the May 15th total of 13,210,000 shares. Based on an average daily volume of 1,323,100 shares, the short-interest ratio is currently 7.3 days.

Cornerstone Total Return Fund Stock Down 0.8%

Shares of NYSEAMERICAN CRF traded down $0.06 during trading on Friday, hitting $7.42. 766,949 shares of the company were exchanged, compared to its average volume of 1,016,094. Cornerstone Total Return Fund has a 12-month low of $5.81 and a 12-month high of $9.75. The company has a fifty day moving average price of $7.11 and a 200-day moving average price of $7.90.

Cornerstone Total Return Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.1168 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 19.85%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRF. Atria Wealth Solutions Inc. raised its holdings in shares of Cornerstone Total Return Fund by 6.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 168,557 shares of the investment management company's stock worth $1,465,000 after acquiring an additional 10,272 shares during the period. Wealth Management Nebraska acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter worth about $164,000. Winebrenner Capital Management LLC acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter worth about $956,000. Oppenheimer & Co. Inc. increased its position in shares of Cornerstone Total Return Fund by 35.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 20,185 shares of the investment management company's stock worth $175,000 after purchasing an additional 5,325 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter worth about $1,470,000. Hedge funds and other institutional investors own 10.41% of the company's stock.

About Cornerstone Total Return Fund

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.