Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 6.2% in September

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 6,640,000 shares, an increase of 6.2% from the August 31st total of 6,250,000 shares. Based on an average daily volume of 702,800 shares, the days-to-cover ratio is presently 9.4 days.

Institutional Trading of Cornerstone Total Return Fund

Institutional investors have recently added to or reduced their stakes in the company. Sea Otter Advisors LLC purchased a new position in Cornerstone Total Return Fund during the 2nd quarter valued at $785,000. Raymond James & Associates boosted its stake in shares of Cornerstone Total Return Fund by 330.1% during the second quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after purchasing an additional 141,815 shares during the period. Commonwealth Equity Services LLC grew its holdings 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 purchasing an additional 7,020 shares during the last quarter. Perennial Investment Advisors LLC increased its stake in Cornerstone Total Return Fund by 3.6% in the 2nd quarter. Perennial Investment Advisors LLC now owns 380,195 shares of the investment management company’s stock worth $2,985,000 after buying an additional 13,186 shares during the period. Finally, Cable Car Capital LLC bought a new stake in Cornerstone Total Return Fund during the 4th quarter valued at about $4,672,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

NYSEAMERICAN:CRF traded down $0.02 during midday trading on Tuesday, hitting $8.07. 109,333 shares of the company traded hands, compared to its average volume of 669,892. The firm has a fifty day moving average price of $7.58. Cornerstone Total Return Fund has a 12-month low of $6.05 and a 12-month high of $8.10.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared 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 of this dividend is Tuesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 15.42%.

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.