Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Short Interest Down 11.5% in August

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 12,660,000 shares, a decrease of 11.5% from the August 15th total of 14,300,000 shares. Based on an average daily volume of 1,440,100 shares, the days-to-cover ratio is currently 8.8 days.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

A number of large investors have recently bought and sold shares of CLM. Voisard Asset Management Group Inc. purchased a new stake in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $72,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Cornerstone Strategic Value Fund by 11.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 1,502 shares in the last quarter. Choreo LLC bought a new stake in shares of Cornerstone Strategic Value Fund during the second quarter valued at approximately $125,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Cornerstone Strategic Value Fund in the second quarter valued at approximately $143,000. Finally, StoneX Group Inc. bought a new position in Cornerstone Strategic Value Fund in the fourth quarter worth approximately $144,000.

Cornerstone Strategic Value Fund Price Performance

NYSEAMERICAN CLM traded up $0.01 during trading on Wednesday, hitting $7.51. The stock had a trading volume of 213,425 shares, compared to its average volume of 1,429,903. Cornerstone Strategic Value Fund has a one year low of $6.25 and a one year high of $8.14. The firm’s 50 day moving average price is $7.38.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.1086 per share. The ex-dividend date is Tuesday, October 15th.

About Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.