Cornerstone Total Return Fund Inc (CRF) Short Interest Update

Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 95,541 shares, a decline of 45.1% from the October 15th total of 174,083 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 639,490 shares, the short-interest ratio is currently 0.1 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in shares of Cornerstone Total Return Fund during the 3rd quarter worth approximately $286,000. Mariner Investment Group LLC purchased a new stake in shares of Cornerstone Total Return Fund during the 3rd quarter worth approximately $651,000. Ford Financial Group Inc. lifted its position in shares of Cornerstone Total Return Fund by 11.6% during the 2nd quarter. Ford Financial Group Inc. now owns 67,600 shares of the investment management company’s stock worth $934,000 after buying an additional 7,000 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Cornerstone Total Return Fund during the 2nd quarter worth approximately $2,889,000. Finally, ING Groep NV purchased a new stake in shares of Cornerstone Total Return Fund during the 3rd quarter worth approximately $4,823,000.

NYSEAMERICAN CRF traded down $0.09 on Friday, hitting $12.66. 354,920 shares of the stock were exchanged, compared to its average volume of 339,668. Cornerstone Total Return Fund has a fifty-two week low of $11.11 and a fifty-two week high of $16.22.

The company also recently declared a monthly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th were issued a dividend of $0.2301 per share. This represents a $2.76 annualized dividend and a yield of 21.81%. The ex-dividend date was Friday, October 12th.

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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, Inc 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.

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