Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Rises By 27.4%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 10,330,000 shares, an increase of 27.4% from the January 31st total of 8,110,000 shares. Based on an average trading volume of 1,057,400 shares, the short-interest ratio is currently 9.8 days.

Cornerstone Total Return Fund Stock Up 0.7 %

NYSEAMERICAN CRF traded up $0.05 during mid-day trading on Friday, reaching $7.66. The stock had a trading volume of 784,860 shares, compared to its average volume of 1,126,563. Cornerstone Total Return Fund has a 1 year low of $6.52 and a 1 year high of $9.75. The business's fifty day moving average price is $8.55.

Cornerstone Total Return Fund Dividend Announcement

The business 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 dividend of $0.1168 per share. The ex-dividend date is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a yield of 18.30%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC raised its stake in Cornerstone Total Return Fund by 8.2% during the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company's stock valued at $130,000 after buying an additional 1,134 shares during the last quarter. Grimes & Company Inc. raised its stake in Cornerstone Total Return Fund by 4.9% during the 4th quarter. Grimes & Company Inc. now owns 25,556 shares of the investment management company's stock valued at $222,000 after buying an additional 1,193 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Cornerstone Total Return Fund by 2.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 87,427 shares of the investment management company's stock valued at $760,000 after buying an additional 1,690 shares during the last quarter. Quarry LP increased its stake in shares of Cornerstone Total Return Fund by 35.8% in the 4th quarter. Quarry LP now owns 7,022 shares of the investment management company's stock worth $61,000 after purchasing an additional 1,853 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Cornerstone Total Return Fund by 6.7% in the 3rd quarter. Main Street Financial Solutions LLC now owns 46,143 shares of the investment management company's stock worth $373,000 after purchasing an additional 2,896 shares in the last quarter. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

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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.