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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 7,390,000 shares, a decrease of 6.8% from the December 15th total of 7,930,000 shares. Based on an average trading volume of 964,600 shares, the short-interest ratio is presently 7.7 days.

Cornerstone Total Return Fund Stock Up 1.2 %

Shares of CRF stock traded up $0.10 during trading hours on Friday, hitting $8.67. 732,665 shares of the company were exchanged, compared to its average volume of 613,921. Cornerstone Total Return Fund has a 52-week low of $6.52 and a 52-week high of $9.75. The company’s fifty day moving average price is $7.98.

Cornerstone Total Return Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.1168 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 16.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quarry LP bought a new stake in Cornerstone Total Return Fund in the 3rd quarter valued at about $42,000. Oppenheimer & Co. Inc. bought a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at approximately $120,000. Prairie Sky Financial Group LLC purchased a new stake in shares of Cornerstone Total Return Fund during the 3rd quarter valued at approximately $135,000. Virtu Financial LLC boosted its holdings in Cornerstone Total Return Fund by 70.3% in the 3rd quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock worth $151,000 after buying an additional 7,696 shares during the period. Finally, Doliver Advisors LP purchased a new position in Cornerstone Total Return Fund in the 3rd quarter valued at approximately $328,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.

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.