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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 14,490,000 shares, a growth of 7.0% from the November 30th total of 13,540,000 shares. Based on an average trading volume of 2,054,500 shares, the short-interest ratio is currently 7.1 days.

Institutional Trading of Cornerstone Strategic Value Fund

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its stake in Cornerstone Strategic Value Fund by 54.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 144,704 shares of the investment management company’s stock valued at $1,114,000 after buying an additional 50,824 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Cornerstone Strategic Value Fund by 4.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 183,825 shares of the investment management company’s stock worth $1,415,000 after purchasing an additional 8,080 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in Cornerstone Strategic Value Fund by 800.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after purchasing an additional 452,790 shares in the last quarter. Wedbush Securities Inc. grew its position in Cornerstone Strategic Value Fund by 50.4% during the 2nd quarter. Wedbush Securities Inc. now owns 20,900 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Choreo LLC bought a new stake in Cornerstone Strategic Value Fund during the 2nd quarter valued at about $125,000.

Cornerstone Strategic Value Fund Price Performance

CLM opened at $8.59 on Thursday. Cornerstone Strategic Value Fund has a 12-month low of $6.50 and a 12-month high of $9.30.

Cornerstone Strategic Value Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.1224 dividend. This is a positive change from Cornerstone Strategic Value Fund’s previous dividend of $0.11. The ex-dividend date is Wednesday, January 15th.

About Cornerstone Strategic Value Fund

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.