Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Update

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 8,110,000 shares, a decline of 10.3% from the January 15th total of 9,040,000 shares. Based on an average trading volume of 999,000 shares, the days-to-cover ratio is currently 8.1 days.

Cornerstone Total Return Fund Price Performance

Shares of NYSEAMERICAN:CRF traded down $0.14 during trading on Monday, hitting $8.96. 769,859 shares of the company were exchanged, compared to its average volume of 865,647. The firm’s 50 day moving average is $8.04. Cornerstone Total Return Fund has a 52-week low of $6.52 and a 52-week high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.1168 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 15.64%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several hedge funds have recently added to or reduced their stakes in the company. Alpine Global Management LLC boosted its position in Cornerstone Total Return Fund by 5.6% during the fourth quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company’s stock valued at $23,572,000 after buying an additional 142,632 shares during the period. LPL Financial LLC grew its holdings in shares of Cornerstone Total Return Fund by 8.5% during the fourth quarter. LPL Financial LLC now owns 1,139,010 shares of the investment management company’s stock valued at $9,898,000 after buying an additional 89,538 shares during the last quarter. TrueMark Investments LLC increased its holdings in shares of Cornerstone Total Return Fund by 25.4% in the 4th quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company’s stock worth $4,646,000 after purchasing an additional 108,386 shares in the last quarter. Perennial Investment Advisors LLC increased its holdings in Cornerstone Total Return Fund by 6.3% in the 4th quarter. Perennial Investment Advisors LLC now owns 402,653 shares of the investment management company’s stock worth $3,499,000 after buying an additional 23,973 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Cornerstone Total Return Fund by 539.5% during the fourth quarter. Bank of America Corp DE now owns 304,728 shares of the investment management company’s stock valued at $2,648,000 after acquiring an additional 257,077 shares during the last quarter. Institutional investors own 10.41% of the company’s stock.

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.