Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 11,680 shares, a decrease of 84.3% from the December 14th total of 74,511 shares. Based on an average trading volume of 1,143,320 shares, the short-interest ratio is presently 0.0 days.
CLM opened at $11.83 on Friday. Cornerstone Strategic Value Fund has a 52 week low of $9.31 and a 52 week high of $16.19.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.2053 per share. This represents a $2.46 annualized dividend and a yield of 20.83%. The ex-dividend date of this dividend is Thursday, March 14th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Kovack Advisors Inc. purchased a new stake in Cornerstone Strategic Value Fund during the 3rd quarter valued at approximately $164,000. MML Investors Services LLC acquired a new position in Cornerstone Strategic Value Fund during the 3rd quarter worth approximately $175,000. Citadel Advisors LLC acquired a new position in Cornerstone Strategic Value Fund during the 3rd quarter worth approximately $218,000. LPL Financial LLC increased its position in Cornerstone Strategic Value Fund by 33.7% during the 3rd quarter. LPL Financial LLC now owns 20,589 shares of the investment management company’s stock worth $288,000 after purchasing an additional 5,187 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Cornerstone Strategic Value Fund during the 3rd quarter worth approximately $293,000.
Cornerstone Strategic Value Fund Company Profile
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.
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