Cornerstone Total Return Fund Inc (CRF) Short Interest Up 78.8% in December
Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 191,302 shares, an increase of 78.8% from the November 30th total of 107,005 shares. Based on an average daily trading volume, of 212,883 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.5% of the shares of the company are sold short.
Cornerstone Total Return Fund (NYSEAMERICAN:CRF) traded up $0.15 during trading on Wednesday, hitting $15.34. 261,904 shares of the stock were exchanged, compared to its average volume of 217,658. Cornerstone Total Return Fund has a one year low of $13.62 and a one year high of $16.98.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Investors of record on Tuesday, January 16th will be issued a $0.2301 dividend. The ex-dividend date is Friday, January 12th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 18.00%.
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About Cornerstone Total Return Fund
Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.
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