Cornerstone Strategic Value Fund Short Interest Up 52.9% in August (CLM)
Shares of Cornerstone Strategic Value Fund (NYSE:CLM) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 411,292 shares, a growth of 52.9% from the July 31st total of 268,962 shares, Stock Ratings Network reports. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 189,500 shares, the days-to-cover ratio is currently 2.2 days.
Cornerstone Strategic Value Fund (NYSE:CLM) traded up 0.33% on Tuesday, hitting $6.14. 147,862 shares of the company’s stock traded hands. Cornerstone Strategic Value Fund has a 52 week low of $5.71 and a 52 week high of $7.74. The stock’s 50-day moving average is $6.11 and its 200-day moving average is $6.27.
The company also recently declared a monthly dividend, which is scheduled for Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.0959 per share. This represents a $1.15 dividend on an annualized basis and a yield of 18.80%. The ex-dividend date of this dividend is Wednesday, November 12th.
Cornerstone Strategic Value Fund, Inc (NYSE:CLM) is a closed-end, diversified management investment company.
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