Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Sees Significant Decrease in Short Interest

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

Cornerstone Total Return Fund Stock Performance

CRF traded down $0.06 during trading on Friday, reaching $8.88. 715,688 shares of the company's stock were exchanged, compared to its average volume of 853,271. The firm has a fifty day moving average of $8.04. Cornerstone Total Return Fund has a fifty-two week low of $6.52 and a fifty-two week high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued 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 15.78%.

Hedge Funds Weigh In On Cornerstone Total Return Fund

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 worth $130,000 after buying an additional 1,134 shares during the period. Grimes & Company Inc. lifted its holdings in shares of 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 purchasing an additional 1,193 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Cornerstone Total Return Fund by 2.0% in 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 purchasing an additional 1,690 shares during the period. Quarry LP increased its stake in Cornerstone Total Return Fund by 35.8% during 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 raised its holdings in Cornerstone Total Return Fund by 6.7% during the 3rd quarter. Main Street Financial Solutions LLC now owns 46,143 shares of the investment management company's stock worth $373,000 after buying an additional 2,896 shares during the period. Institutional investors and hedge funds own 10.41% of the company's stock.

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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.