Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Update

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 20,270,000 shares, a drop of 17.3% from the April 30th total of 24,500,000 shares. Approximately 9.4% of the shares of the company are short sold. Based on an average daily volume of 2,519,800 shares, the days-to-cover ratio is currently 8.0 days.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in Cornerstone Strategic Value Fund in the 1st quarter valued at $28,000. IFP Advisors Inc acquired a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at $37,000. Park Square Financial Group LLC acquired a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at $49,000. Anfield Capital Management LLC acquired a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at $56,000. Finally, Assetmark Inc. acquired a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at $60,000.

Cornerstone Strategic Value Fund Price Performance

NYSEAMERICAN:CLM traded up $0.07 during midday trading on Friday, hitting $7.95. The company's stock had a trading volume of 1,374,364 shares, compared to its average volume of 1,930,373. Cornerstone Strategic Value Fund has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The firm's 50 day moving average is $7.21 and its 200-day moving average is $7.88.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.1224 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 20.01%.

Cornerstone Strategic Value Fund Company Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.