Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Down 15.5% in October

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

Institutional Trading of Cornerstone Strategic Value Fund

A number of institutional investors and hedge funds have recently modified their holdings of CLM. Planning Capital Management Corp lifted its position in shares of Cornerstone Strategic Value Fund by 2,598.4% during the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after purchasing an additional 3,352 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Cornerstone Strategic Value Fund by 800.0% in 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 period. Larson Financial Group LLC lifted its holdings in shares of Cornerstone Strategic Value Fund by 51.4% during the third quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after buying an additional 2,296 shares during the last quarter. Voisard Asset Management Group Inc. bought a new stake in shares of Cornerstone Strategic Value Fund in the second quarter valued at approximately $72,000. Finally, Townsquare Capital LLC bought a new stake in shares of Cornerstone Strategic Value Fund in the third quarter valued at approximately $83,000.

Cornerstone Strategic Value Fund Stock Performance

CLM traded down $0.07 on Friday, hitting $8.73. The company had a trading volume of 2,648,119 shares, compared to its average volume of 1,499,147. Cornerstone Strategic Value Fund has a 1-year low of $6.50 and a 1-year high of $9.00.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently declared 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 is Friday, March 14th.

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.