Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 18,460,000 shares, a growth of 25.5% from the January 31st total of 14,710,000 shares. Based on an average daily trading volume, of 2,143,900 shares, the short-interest ratio is presently 8.6 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in CLM. Private Advisor Group LLC boosted its holdings in shares of Cornerstone Strategic Value Fund by 8.4% during the 3rd quarter. Private Advisor Group LLC now owns 56,996 shares of the investment management company's stock valued at $438,000 after purchasing an additional 4,395 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Cornerstone Strategic Value Fund during the 3rd quarter valued at about $209,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Cornerstone Strategic Value Fund during the 3rd quarter valued at about $102,000. Chicago Partners Investment Group LLC boosted its holdings in shares of Cornerstone Strategic Value Fund by 19.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 31,007 shares of the investment management company's stock valued at $247,000 after purchasing an additional 5,064 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Cornerstone Strategic Value Fund by 44.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company's stock valued at $1,504,000 after purchasing an additional 60,187 shares during the last quarter.
Cornerstone Strategic Value Fund Stock Performance
Cornerstone Strategic Value Fund stock traded down $0.02 during mid-day trading on Friday, hitting $7.90. The stock had a trading volume of 2,278,512 shares, compared to its average volume of 1,714,271. The company has a 50 day moving average of $8.54. Cornerstone Strategic Value Fund has a one year low of $6.50 and a one year high of $9.30.
Cornerstone Strategic Value Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.1224 dividend. This represents a $1.47 annualized dividend and a yield of 18.59%. The ex-dividend date of this dividend is Monday, June 16th.
About Cornerstone Strategic Value Fund
(
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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.
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