Cornerstone Strategic Value Fund Inc. (CLM) Sees Significant Decrease in Short Interest
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.
ILLEGAL ACTIVITY WARNING: “Cornerstone Strategic Value Fund Inc. (CLM) Sees Significant Decrease in Short Interest” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/12/cornerstone-strategic-value-fund-inc-clm-sees-significant-decrease-in-short-interest.html.
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.
Receive News & Ratings for Cornerstone Strategic Value Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Strategic Value Fund Inc. and related companies with MarketBeat.com's FREE daily email newsletter.