Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Down 12.6% in October

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 7,030,000 shares, a decline of 12.6% from the October 15th total of 8,040,000 shares. Based on an average daily volume of 716,400 shares, the days-to-cover ratio is currently 9.8 days.

Cornerstone Total Return Fund Trading Down 0.8 %

Shares of NYSEAMERICAN CRF traded down $0.07 during trading on Monday, hitting $8.74. 1,151,364 shares of the company traded hands, compared to its average volume of 706,944. The firm has a fifty day moving average of $7.68. Cornerstone Total Return Fund has a fifty-two week low of $6.52 and a fifty-two week high of $9.25.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.1168 dividend. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 16.7%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC increased its stake in Cornerstone Total Return Fund by 0.3% in the 1st quarter. Alpine Global Management LLC now owns 2,569,324 shares of the investment management company’s stock valued at $19,296,000 after buying an additional 6,651 shares during the last quarter. Perennial Investment Advisors LLC increased its stake in Cornerstone Total Return Fund by 3.6% in the 2nd quarter. Perennial Investment Advisors LLC now owns 380,195 shares of the investment management company’s stock valued at $2,985,000 after buying an additional 13,186 shares during the last quarter. TrueMark Investments LLC purchased a new stake in Cornerstone Total Return Fund in the 2nd quarter valued at about $2,126,000. Raymond James & Associates increased its stake in Cornerstone Total Return Fund by 330.1% in the 2nd quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after buying an additional 141,815 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in Cornerstone Total Return Fund by 2.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 173,084 shares of the investment management company’s stock valued at $1,359,000 after buying an additional 4,331 shares during the last quarter. Institutional investors and hedge funds own 10.41% of the company’s stock.

About Cornerstone Total Return Fund

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.