Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Grows By 29.3%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 9,090,000 shares, a growth of 29.3% from the October 31st total of 7,030,000 shares. Based on an average daily trading volume, of 774,000 shares, the days-to-cover ratio is presently 11.7 days.

Cornerstone Total Return Fund Stock Up 1.0 %

NYSEAMERICAN:CRF opened at $9.30 on Monday. Cornerstone Total Return Fund has a 52 week low of $6.52 and a 52 week high of $9.31. The company has a 50-day moving average price of $7.72.

Cornerstone Total Return Fund Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.1168 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 16.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRF. Sea Otter Advisors LLC bought a new stake in shares of Cornerstone Total Return Fund in the second quarter valued at $785,000. Oppenheimer & Co. Inc. bought a new stake in Cornerstone Total Return Fund in the 3rd quarter valued at about $120,000. Raymond James & Associates lifted its holdings in Cornerstone Total Return Fund by 330.1% during the second quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after purchasing an additional 141,815 shares during the last quarter. Perennial Investment Advisors LLC boosted its position in Cornerstone Total Return Fund by 3.6% during the second quarter. Perennial Investment Advisors LLC now owns 380,195 shares of the investment management company’s stock worth $2,985,000 after purchasing an additional 13,186 shares during the period. Finally, Doliver Advisors LP purchased a new position in shares of Cornerstone Total Return Fund in the third quarter worth about $328,000. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

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.