Cornerstone Progressive Return Fund Short Interest Up 149.1% in August (CFP)
Shares of Cornerstone Progressive Return Fund (NYSE:CFP) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 372,840 shares, a growth of 149.1% from the July 31st total of 149,692 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 448,739 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.0% of the company’s shares are sold short.
Cornerstone Progressive Return Fund (NYSE:CFP) traded up 0.44% during mid-day trading on Tuesday, hitting $4.61. 226,197 shares of the company’s stock traded hands. Cornerstone Progressive Return Fund has a 1-year low of $4.55 and a 1-year high of $5.43. The stock’s 50-day moving average is $4.60 and its 200-day moving average is $4.93.
The company also recently announced a monthly dividend, which is scheduled for Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.0773 per share. This represents a $0.93 annualized dividend and a dividend yield of 20.12%. The ex-dividend date is Friday, October 10th.
Cornerstone Progressive Return Fund (NYSE:CFP) is a closed-end, diversified investment company.
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