Cornerstone Total Return (NYSEAMERICAN:CRF) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 369,030 shares, a growth of 13.1% from the February 28th total of 326,166 shares. Based on an average daily volume of 205,683 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.7% of the shares of the stock are short sold.
A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in Cornerstone Total Return in the 4th quarter valued at about $929,000. Ford Financial Group Inc. acquired a new position in Cornerstone Total Return in the 4th quarter valued at about $411,000. Sit Investment Associates Inc. raised its stake in Cornerstone Total Return by 3.8% in the 4th quarter. Sit Investment Associates Inc. now owns 2,723,278 shares of the investment management company’s stock valued at $41,625,000 after purchasing an additional 100,623 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Cornerstone Total Return in the 3rd quarter valued at about $1,734,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Cornerstone Total Return by 20.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 84,252 shares of the investment management company’s stock valued at $1,233,000 after purchasing an additional 14,540 shares during the last quarter.
Shares of Cornerstone Total Return (NYSEAMERICAN CRF) traded down $0.21 during mid-day trading on Monday, reaching $14.92. 379,846 shares of the company traded hands, compared to its average volume of 280,934. Cornerstone Total Return has a 12-month low of $13.62 and a 12-month high of $16.98.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3303071/short-interest-in-cornerstone-total-return-crf-increases-by-13-1.html.
Cornerstone Total Return Company Profile
Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.
Receive News & Ratings for Cornerstone Total Return Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Total Return and related companies with MarketBeat.com's FREE daily email newsletter.