Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Sees Large Drop in Short Interest

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 12,660,000 shares, a decrease of 11.5% from the August 15th total of 14,300,000 shares. Based on an average daily trading volume, of 1,440,100 shares, the short-interest ratio is presently 8.8 days.

Institutional Trading of Cornerstone Strategic Value Fund

Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its stake in Cornerstone Strategic Value Fund by 27.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,857 shares of the investment management company’s stock worth $315,000 after acquiring an additional 9,500 shares during the period. StoneX Group Inc. bought a new position in Cornerstone Strategic Value Fund in the 4th quarter valued at approximately $144,000. SeaCrest Wealth Management LLC boosted its stake in Cornerstone Strategic Value Fund by 37.9% during the 1st quarter. SeaCrest Wealth Management LLC now owns 46,928 shares of the investment management company’s stock valued at $353,000 after purchasing an additional 12,901 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 2.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 175,745 shares of the investment management company’s stock worth $1,322,000 after purchasing an additional 4,580 shares in the last quarter. Finally, Clarity Capital Partners LLC raised its stake in shares of Cornerstone Strategic Value Fund by 3.3% in the first quarter. Clarity Capital Partners LLC now owns 89,547 shares of the investment management company’s stock worth $673,000 after purchasing an additional 2,850 shares during the last quarter.

Cornerstone Strategic Value Fund Trading Up 0.3 %

Shares of CLM traded up $0.02 during midday trading on Wednesday, reaching $7.52. The stock had a trading volume of 284,218 shares, compared to its average volume of 1,430,296. The business has a 50-day moving average price of $7.38. Cornerstone Strategic Value Fund has a 12-month low of $6.25 and a 12-month high of $8.14.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.1086 dividend. The ex-dividend date of this dividend is Tuesday, October 15th.

Cornerstone Strategic Value Fund Company Profile

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.