Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Down 12.6% in October

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 7,030,000 shares, a decrease of 12.6% from the October 15th total of 8,040,000 shares. Based on an average daily volume of 716,400 shares, the days-to-cover ratio is currently 9.8 days.

Institutional Trading of Cornerstone Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Sea Otter Advisors LLC bought a new position in Cornerstone Total Return Fund during the second quarter worth about $785,000. Raymond James & Associates raised its position in shares of Cornerstone Total Return Fund by 330.1% in the second quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after buying an additional 141,815 shares in the last quarter. Perennial Investment Advisors LLC raised its position in Cornerstone Total Return Fund by 3.6% during the second quarter. Perennial Investment Advisors LLC now owns 380,195 shares of the investment management company’s stock valued at $2,985,000 after purchasing an additional 13,186 shares in the last quarter. Doliver Advisors LP acquired a new position in Cornerstone Total Return Fund during the third quarter valued at approximately $328,000. Finally, Prairie Sky Financial Group LLC acquired a new position in Cornerstone Total Return Fund during the third quarter valued at approximately $135,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

Shares of CRF traded down $0.07 during midday trading on Monday, hitting $8.74. The stock had a trading volume of 1,151,364 shares, compared to its average volume of 706,944. The firm has a 50 day moving average of $7.68. Cornerstone Total Return Fund has a twelve month low of $6.52 and a twelve month high of $9.25.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.1168 dividend. This represents a dividend yield of 16.7%. The ex-dividend date is Friday, March 14th.

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.