Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) saw a large decline in short interest in the month of March. As of March 29th, there was short interest totalling 12,010 shares, a decline of 88.6% from the March 15th total of 105,509 shares. Based on an average daily trading volume, of 309,231 shares, the days-to-cover ratio is presently 0.0 days.
Shares of CLM opened at $12.44 on Thursday. Cornerstone Strategic Value Fund has a 1 year low of $9.31 and a 1 year high of $48.03.
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.2053 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.46 annualized dividend and a yield of 19.81%.
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Cornerstone Strategic Value Fund Company Profile
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.
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