Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Update

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 13,160,000 shares, a decline of 15.5% from the October 15th total of 15,580,000 shares. Based on an average trading volume of 1,525,000 shares, the short-interest ratio is presently 8.6 days.

Cornerstone Strategic Value Fund Stock Performance

CLM stock remained flat at $8.73 during midday trading on Monday. The company had a trading volume of 1,279,049 shares, compared to its average volume of 1,498,245. Cornerstone Strategic Value Fund has a fifty-two week low of $6.50 and a fifty-two week high of $9.00. The stock has a fifty day moving average price of $7.47.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.1224 dividend. This represents a dividend yield of 18.1%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Cornerstone Strategic Value Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Alpine Global Management LLC raised its position in Cornerstone Strategic Value Fund by 0.3% during the first quarter. Alpine Global Management LLC now owns 5,399,519 shares of the investment management company’s stock valued at $40,604,000 after purchasing an additional 14,168 shares in the last quarter. Karpus Management Inc. raised its holdings in shares of Cornerstone Strategic Value Fund by 224.1% during the 1st quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company’s stock worth $14,620,000 after buying an additional 1,344,395 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of Cornerstone Strategic Value Fund during the 2nd quarter worth $4,500,000. Strategic Financial Concepts LLC lifted its position in shares of Cornerstone Strategic Value Fund by 800.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after buying an additional 452,790 shares during the last quarter. Finally, Sea Otter Advisors LLC acquired a new stake in Cornerstone Strategic Value Fund in the second quarter valued at about $3,850,000.

About Cornerstone Strategic Value Fund

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.