Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) was the target of a significant growth in short interest during the month of December. As of December 29th, there was short interest totalling 231,958 shares, a growth of 32.4% from the December 15th total of 175,250 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 261,114 shares, the short-interest ratio is currently 0.9 days.
Institutional investors have recently bought and sold shares of the business. Sit Investment Associates Inc. purchased a new position in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $69,948,000. ING Groep NV purchased a new position in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $6,023,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Cornerstone Strategic Value Fund by 39.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 116,571 shares of the investment management company’s stock valued at $1,727,000 after acquiring an additional 32,997 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $1,503,000. Finally, Ameriprise Financial Inc. increased its position in shares of Cornerstone Strategic Value Fund by 6.0% in the second quarter. Ameriprise Financial Inc. now owns 79,431 shares of the investment management company’s stock valued at $1,261,000 after acquiring an additional 4,530 shares during the period.
Cornerstone Strategic Value Fund (NYSEAMERICAN CLM) traded up $0.10 during trading on Wednesday, reaching $16.20. 408,700 shares of the company’s stock traded hands, compared to its average volume of 430,883. Cornerstone Strategic Value Fund has a 1-year low of $13.90 and a 1-year high of $17.21.
About Cornerstone Strategic Value Fund
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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