Cornerstone Total Return Fund Inc (CRF) Short Interest Up 78.8% in December
Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 191,302 shares, a growth of 78.8% from the November 30th total of 107,005 shares. Based on an average daily trading volume, of 212,883 shares, the short-interest ratio is presently 0.9 days. Approximately 1.5% of the shares of the company are short sold.
Cornerstone Total Return Fund (NYSEAMERICAN:CRF) traded up $0.15 on Wednesday, reaching $15.34. 261,904 shares of the company’s stock were exchanged, compared to its average volume of 217,658. Cornerstone Total Return Fund has a 1 year low of $13.62 and a 1 year high of $16.98.
The company also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be paid a $0.2301 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $2.76 annualized dividend and a dividend yield of 18.00%.
Several large investors have recently modified their holdings of CRF. Sit Investment Associates Inc. acquired a new stake in shares of Cornerstone Total Return Fund in the 3rd quarter valued at $38,369,000. ING Groep NV acquired a new stake in shares of Cornerstone Total Return Fund in the 3rd quarter valued at $5,199,000. Susquehanna International Group LLP acquired a new stake in shares of Cornerstone Total Return Fund in the 3rd quarter valued at $1,734,000. Mariner Investment Group LLC acquired a new stake in shares of Cornerstone Total Return Fund in the 3rd quarter valued at $834,000. Finally, Citigroup Inc. acquired a new stake in shares of Cornerstone Total Return Fund in the 2nd quarter valued at $793,000.
TRADEMARK VIOLATION NOTICE: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://theolympiareport.com/2017/12/27/cornerstone-total-return-fund-inc-crf-short-interest-up-78-8-in-december.html.
Cornerstone Total Return Fund Company Profile
Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.
Receive News & Ratings for Cornerstone Total Return Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Total Return Fund and related companies with Analyst Ratings Network's FREE daily email newsletter.