Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 6.2% in September

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 6,640,000 shares, an increase of 6.2% from the August 31st total of 6,250,000 shares. Based on an average daily trading volume, of 702,800 shares, the short-interest ratio is currently 9.4 days.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN:CRF opened at $8.09 on Tuesday. The stock has a 50-day moving average price of $7.58. Cornerstone Total Return Fund has a 52-week low of $6.05 and a 52-week high of $8.09.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.1037 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 15.39%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of Cornerstone Total Return Fund

Several large investors have recently added to or reduced their stakes in CRF. Sea Otter Advisors LLC purchased a new position in shares of Cornerstone Total Return Fund during the 2nd quarter worth $785,000. Perennial Investment Advisors LLC lifted 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 valued at $2,985,000 after purchasing an additional 13,186 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in Cornerstone Total Return Fund by 46.4% during the second quarter. Main Street Financial Solutions LLC now owns 43,247 shares of the investment management company’s stock valued at $339,000 after purchasing an additional 13,702 shares during the period. Wedbush Securities Inc. bought a new stake in Cornerstone Total Return Fund during the second quarter valued at about $106,000. Finally, PFG Investments LLC increased its position in Cornerstone Total Return Fund by 17.5% in the second quarter. PFG Investments LLC now owns 136,769 shares of the investment management company’s stock worth $1,074,000 after buying an additional 20,324 shares in the last quarter. 10.41% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Company Profile

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.