Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 29.3% in November

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 9,090,000 shares, a growth of 29.3% from the October 31st total of 7,030,000 shares. Based on an average daily volume of 774,000 shares, the days-to-cover ratio is presently 11.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV increased its stake in Cornerstone Total Return Fund by 2.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 85,737 shares of the investment management company’s stock valued at $694,000 after acquiring an additional 2,273 shares during the last quarter. Main Street Financial Solutions LLC increased its position in shares of Cornerstone Total Return Fund by 6.7% during the 3rd quarter. Main Street Financial Solutions LLC now owns 46,143 shares of the investment management company’s stock valued at $373,000 after purchasing an additional 2,896 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Cornerstone Total Return Fund by 2.6% during 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 in the last quarter. Chicago Partners Investment Group LLC lifted its position in Cornerstone Total Return Fund by 7.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company’s stock worth $616,000 after buying an additional 4,835 shares during the last quarter. Finally, Quarry LP purchased a new stake in Cornerstone Total Return Fund in the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN:CRF opened at $9.30 on Monday. Cornerstone Total Return Fund has a 52-week low of $6.52 and a 52-week high of $9.31. The company’s fifty day simple moving average is $7.72.

Cornerstone Total Return Fund Announces Dividend

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

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.