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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 13,470,000 shares, a decline of 7.0% from the December 15th total of 14,490,000 shares. Based on an average daily volume of 2,073,000 shares, the short-interest ratio is presently 6.5 days.

Cornerstone Strategic Value Fund Price Performance

Cornerstone Strategic Value Fund stock traded up $0.06 on Friday, hitting $8.66. 1,058,182 shares of the stock traded hands, compared to its average volume of 1,319,231. Cornerstone Strategic Value Fund has a 1 year low of $6.50 and a 1 year high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.1224 per share. This represents a yield of 16.92%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Institutional investors have recently modified their holdings of the stock. Planning Capital Management Corp raised its holdings in Cornerstone Strategic Value Fund by 2,598.4% in the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after acquiring an additional 3,352 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after purchasing an additional 2,296 shares in the last quarter. Townsquare Capital LLC purchased a new position in shares of Cornerstone Strategic Value Fund in the third quarter worth $83,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Cornerstone Strategic Value Fund during the third quarter valued at $102,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Cornerstone Strategic Value Fund in the 3rd quarter worth about $107,000.

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.