Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Update

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 6,250,000 shares, a decline of 11.7% from the August 15th total of 7,080,000 shares. Based on an average daily trading volume, of 682,800 shares, the short-interest ratio is currently 9.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Main Street Financial Solutions LLC lifted its holdings in Cornerstone Total Return Fund by 61.8% during the fourth quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 10,166 shares in the last quarter. Cable Car Capital LLC purchased a new position in shares of Cornerstone Total Return Fund in the fourth quarter worth about $4,672,000. Virtu Financial LLC purchased a new position in shares of Cornerstone Total Return Fund in the fourth quarter worth about $182,000. Commonwealth Equity Services LLC lifted its stake in shares of Cornerstone Total Return Fund by 3.5% in the first quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock worth $1,539,000 after buying an additional 7,020 shares in the last quarter. Finally, StoneX Group Inc. increased its position in Cornerstone Total Return Fund by 36.4% during the first quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock worth $349,000 after purchasing an additional 12,391 shares during the last quarter. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN:CRF remained flat at $7.83 during mid-day trading on Wednesday. 204,177 shares of the company traded hands, compared to its average volume of 678,811. Cornerstone Total Return Fund has a one year low of $6.05 and a one year high of $8.09. The company’s 50 day simple moving average is $7.56.

Cornerstone Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.1037 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.24 annualized dividend and a dividend yield of 15.89%.

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.