Short Interest in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Decreases By 17.3%

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) saw a significant 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 company's stock are short sold. Based on an average daily trading volume, of 2,519,800 shares, the days-to-cover ratio is presently 8.0 days.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

Institutional investors have recently made changes to their positions in the company. DAVENPORT & Co LLC purchased a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $110,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $310,000. Strategic Financial Concepts LLC increased its holdings in Cornerstone Strategic Value Fund by 784.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company's stock worth $5,508,000 after acquiring an additional 568,744 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Cornerstone Strategic Value Fund in the 4th quarter worth $86,000. Finally, Soltis Investment Advisors LLC increased its holdings in Cornerstone Strategic Value Fund by 55.9% in the 4th quarter. Soltis Investment Advisors LLC now owns 20,730 shares of the investment management company's stock worth $178,000 after acquiring an additional 7,430 shares in the last quarter.

Cornerstone Strategic Value Fund Trading Down 0.5%

Shares of Cornerstone Strategic Value Fund stock traded down $0.04 during trading on Thursday, hitting $7.88. 1,515,973 shares of the company's stock were exchanged, compared to its average volume of 1,927,481. The business has a 50-day simple moving average of $7.20 and a 200-day simple moving average of $7.88. Cornerstone Strategic Value Fund has a 52-week low of $6.16 and a 52-week high of $9.30.

Cornerstone Strategic Value 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 given a dividend of $0.1224 per share. This represents a yield of 20.01%. The ex-dividend date was Thursday, May 15th.

About Cornerstone Strategic Value Fund

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.