Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Up 27.4% in February

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 10,330,000 shares, a growth of 27.4% from the January 31st total of 8,110,000 shares. Based on an average trading volume of 1,057,400 shares, the days-to-cover ratio is currently 9.8 days.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN CRF traded up $0.08 during trading hours on Wednesday, hitting $7.68. 701,860 shares of the company were exchanged, compared to its average volume of 1,143,197. The company’s 50 day simple moving average is $8.55. Cornerstone Total Return Fund has a 52-week low of $6.52 and a 52-week high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.1168 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 18.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRF. Winebrenner Capital Management LLC acquired a new stake in shares of Cornerstone Total Return Fund in the 4th quarter valued at $956,000. Oppenheimer & Co. Inc. acquired a new stake in Cornerstone Total Return Fund in the third quarter valued at $120,000. Atria Wealth Solutions Inc. lifted its holdings in Cornerstone Total Return Fund by 6.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 168,557 shares of the investment management company’s stock worth $1,465,000 after buying an additional 10,272 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Cornerstone Total Return Fund by 7.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company’s stock worth $616,000 after acquiring an additional 4,835 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Cornerstone Total Return Fund in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.

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.