Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 134,145 shares, a decline of 27.3% from the November 15th total of 184,578 shares. Based on an average daily volume of 167,995 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are sold short.

A number of institutional investors and hedge funds have recently bought and sold shares of CLM. Sit Investment Associates Inc. acquired a new stake in Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $69,948,000. ING Groep NV acquired a new stake in Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $6,023,000. Susquehanna International Group LLP acquired a new stake in Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $1,503,000. Mariner Investment Group LLC acquired a new position in shares of Cornerstone Strategic Value Fund during the third quarter worth approximately $844,000. Finally, Citigroup Inc. lifted its holdings in shares of Cornerstone Strategic Value Fund by 6,462.5% during the second quarter. Citigroup Inc. now owns 52,500 shares of the investment management company’s stock worth $834,000 after buying an additional 51,700 shares during the last quarter.

Shares of Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) opened at $15.22 on Tuesday. Cornerstone Strategic Value Fund has a 1-year low of $13.90 and a 1-year high of $17.21.

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a $0.2365 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.84 annualized dividend and a yield of 18.65%.

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Cornerstone Strategic Value Fund Company Profile

Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.

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