Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Short Interest Down 7.5% in October

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFGet Rating) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 6,580,000 shares, a decrease of 7.5% from the October 15th total of 7,110,000 shares. Based on an average daily trading volume, of 987,900 shares, the short-interest ratio is currently 6.7 days.

Cornerstone Total Return Fund Trading Up 0.9 %

NYSEAMERICAN:CRF opened at $8.10 on Friday. Cornerstone Total Return Fund has a 12-month low of $7.32 and a 12-month high of $14.20.

Cornerstone Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.1173 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.41 annualized dividend and a yield of 17.38%.

Institutional Trading of Cornerstone Total Return Fund

Several large investors have recently added to or reduced their stakes in CRF. Commonwealth Equity Services LLC grew its stake in Cornerstone Total Return Fund by 24.2% during the first quarter. Commonwealth Equity Services LLC now owns 157,062 shares of the investment management company’s stock worth $2,184,000 after buying an additional 30,588 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of Cornerstone Total Return Fund by 49.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 15,042 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 5,000 shares during the last quarter. Raymond James & Associates grew its stake in shares of Cornerstone Total Return Fund by 15.2% during the first quarter. Raymond James & Associates now owns 108,182 shares of the investment management company’s stock valued at $1,505,000 after purchasing an additional 14,258 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of Cornerstone Total Return Fund by 257.0% during the first quarter. Cetera Advisors LLC now owns 38,242 shares of the investment management company’s stock valued at $532,000 after purchasing an additional 27,529 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Cornerstone Total Return Fund by 20.0% during the first quarter. Private Advisor Group LLC now owns 20,713 shares of the investment management company’s stock valued at $288,000 after purchasing an additional 3,454 shares during the last quarter.

About Cornerstone Total Return Fund

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Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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