Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Down 15.5% in October

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 13,160,000 shares, a drop of 15.5% from the October 15th total of 15,580,000 shares. Based on an average daily volume of 1,525,000 shares, the days-to-cover ratio is currently 8.6 days.

Cornerstone Strategic Value Fund Trading Down 0.8 %

NYSEAMERICAN CLM traded down $0.07 on Friday, hitting $8.73. 2,648,119 shares of the stock were exchanged, compared to its average volume of 1,499,147. Cornerstone Strategic Value Fund has a 52-week low of $6.50 and a 52-week high of $9.00.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.1224 per share. This represents a dividend yield of 18.1%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Planning Capital Management Corp raised its stake in shares of Cornerstone Strategic Value Fund by 2,598.4% during the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after purchasing an additional 3,352 shares in the last quarter. Larson Financial Group LLC increased its holdings in Cornerstone Strategic Value Fund by 51.4% in the third quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after buying an additional 2,296 shares during the last quarter. Voisard Asset Management Group Inc. bought a new position in Cornerstone Strategic Value Fund during the second quarter valued at approximately $72,000. Townsquare Capital LLC acquired a new stake in Cornerstone Strategic Value Fund in the third quarter valued at approximately $83,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Cornerstone Strategic Value Fund in the third quarter worth approximately $102,000.

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.