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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) was the recipient of a significant drop in short interest in the month of 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 presently 7.3 days.

Cornerstone Total Return Fund Stock Performance

Cornerstone Total Return Fund stock opened at $7.46 on Wednesday. The stock's fifty day moving average is $7.08 and its two-hundred day moving average is $7.91. Cornerstone Total Return Fund has a 1-year low of $5.81 and a 1-year high of $9.75.

Cornerstone Total Return Fund Announces Dividend

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

Institutional Trading of Cornerstone Total Return Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrity Alliance LLC. purchased a new stake in Cornerstone Total Return Fund in the 1st quarter valued at $178,000. Jane Street Group LLC acquired a new stake in shares of Cornerstone Total Return Fund during the first quarter worth about $448,000. Ursa Fund Management LLC acquired a new stake in shares of Cornerstone Total Return Fund during the first quarter worth about $359,000. Ieq Capital LLC purchased a new position in shares of Cornerstone Total Return Fund during the first quarter worth about $244,000. Finally, Sit Investment Associates Inc. acquired a new position in Cornerstone Total Return Fund in the 1st quarter valued at about $251,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Company Profile

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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