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.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be paid a $0.2365 dividend. This represents a $2.84 annualized dividend and a yield of 17.52%. The ex-dividend date is Wednesday, February 14th.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/01/10/short-interest-in-cornerstone-strategic-value-fund-inc-clm-rises-by-32-4.html.

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.

Receive News & Ratings for Cornerstone Strategic Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Strategic Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.