Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 14,490,000 shares, a growth of 7.0% from the November 30th total of 13,540,000 shares. Based on an average daily volume of 2,054,500 shares, the short-interest ratio is currently 7.1 days.
Cornerstone Strategic Value Fund Stock Up 0.9 %
Shares of NYSEAMERICAN CLM traded up $0.08 during mid-day trading on Wednesday, hitting $8.59. The stock had a trading volume of 1,696,306 shares, compared to its average volume of 1,587,387. Cornerstone Strategic Value Fund has a 1 year low of $6.50 and a 1 year high of $9.30.
Cornerstone Strategic Value Fund Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.1224 dividend. This is a boost from Cornerstone Strategic Value Fund's previous dividend of $0.11. The ex-dividend date is Wednesday, January 15th.
Hedge Funds Weigh In On Cornerstone Strategic Value Fund
Hedge funds and other institutional investors have recently modified their holdings of the company. Garden State Investment Advisory Services LLC increased its stake in shares of Cornerstone Strategic Value Fund by 11.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 60,341 shares of the investment management company's stock valued at $464,000 after buying an additional 6,053 shares during the period. Sanctuary Advisors LLC bought a new stake in Cornerstone Strategic Value Fund in the third quarter valued at $144,000. Jane Street Group LLC increased its position in Cornerstone Strategic Value Fund by 303.7% during the 3rd quarter. Jane Street Group LLC now owns 43,292 shares of the investment management company's stock valued at $332,000 after purchasing an additional 32,567 shares during the period. Quarry LP raised its holdings in Cornerstone Strategic Value Fund by 1.0% in the 3rd quarter. Quarry LP now owns 474,958 shares of the investment management company's stock worth $3,648,000 after purchasing an additional 4,712 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth about $1,367,000.
Cornerstone Strategic Value Fund Company Profile
(
Get Free Report)
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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