Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 22.0% in October

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 8,040,000 shares, a growth of 22.0% from the September 30th total of 6,590,000 shares. Based on an average trading volume of 719,800 shares, the days-to-cover ratio is currently 11.2 days.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its position in Cornerstone Total Return Fund by 3.5% during the first quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock worth $1,539,000 after buying an additional 7,020 shares in the last quarter. StoneX Group Inc. grew its holdings in shares of Cornerstone Total Return Fund by 36.4% during the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock worth $349,000 after purchasing an additional 12,391 shares in the last quarter. Significant Wealth Partners LLC increased its position in shares of Cornerstone Total Return Fund by 15.9% during the first quarter. Significant Wealth Partners LLC now owns 530,604 shares of the investment management company’s stock valued at $3,985,000 after purchasing an additional 72,658 shares during the period. Alpine Global Management LLC raised its stake in shares of Cornerstone Total Return Fund by 0.3% in the first quarter. Alpine Global Management LLC now owns 2,569,324 shares of the investment management company’s stock valued at $19,296,000 after purchasing an additional 6,651 shares in the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in Cornerstone Total Return Fund in the second quarter worth $73,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN CRF traded down $0.01 during trading hours on Wednesday, hitting $8.43. 549,456 shares of the company’s stock were exchanged, compared to its average volume of 679,583. The firm has a 50-day moving average of $7.64. Cornerstone Total Return Fund has a 1-year low of $6.35 and a 1-year high of $8.47.

Cornerstone Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.1037 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.24 annualized dividend and a dividend yield of 14.77%.

About Cornerstone Total Return Fund

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.