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.

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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.

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