Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 29.3% in November

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,090,000 shares, a growth of 29.3% from the October 31st total of 7,030,000 shares. Based on an average daily trading volume, of 774,000 shares, the short-interest ratio is currently 11.7 days.

Cornerstone Total Return Fund Stock Performance

NYSEAMERICAN CRF remained flat at $9.30 during trading on Monday. 78,411 shares of the company’s stock were exchanged, compared to its average volume of 700,637. Cornerstone Total Return Fund has a one year low of $6.52 and a one year high of $9.31. The firm has a fifty day moving average price of $7.72.

Cornerstone Total Return 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 given a $0.1168 dividend. This represents a yield of 16.7%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Cornerstone Total Return Fund

A number of hedge funds have recently added to or reduced their stakes in CRF. Quarry LP acquired a new position in shares of Cornerstone Total Return Fund in the third quarter valued at approximately $42,000. Voisard Asset Management Group Inc. purchased a new position in Cornerstone Total Return Fund during the 2nd quarter valued at about $73,000. Wedbush Securities Inc. acquired a new position in Cornerstone Total Return Fund during the second quarter worth about $106,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at about $120,000. Finally, Prairie Sky Financial Group LLC acquired a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at approximately $135,000. 10.41% of the stock is owned by institutional investors and hedge funds.

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.