Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Declines By 42.0%

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 13,585 shares, a decrease of 42.0% from the May 31st total of 23,426 shares. Based on an average daily volume of 335,376 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Liberty All-Star Growth Fund Stock Performance

Shares of ASG traded down $0.01 on Wednesday, reaching $5.46. The company’s stock had a trading volume of 223,960 shares, compared to its average volume of 257,061. The stock’s 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.20. Liberty All-Star Growth Fund has a 12-month low of $4.55 and a 12-month high of $5.69.

Liberty All-Star Growth Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, April 16th were given a $0.11 dividend. The ex-dividend date was Thursday, April 16th. This represents a $0.44 annualized dividend and a yield of 8.1%.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC purchased a new stake in shares of Liberty All-Star Growth Fund in the 2nd quarter worth $55,000. StoneX Group Inc. purchased a new position in Liberty All-Star Growth Fund during the second quarter valued at $60,000. Farther Finance Advisors LLC grew its holdings in Liberty All-Star Growth Fund by 245.3% during the fourth quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 8,835 shares during the period. XTX Topco Ltd bought a new stake in Liberty All-Star Growth Fund during the fourth quarter valued at about $72,000. Finally, Independent Financial Group LLC purchased a new stake in Liberty All-Star Growth Fund in the first quarter worth about $66,000. Institutional investors own 21.62% of the company’s stock.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund (NYSE: ASG) is a closed-end, diversified management investment company that seeks long-term capital appreciation through exposure to growth-oriented equities. The fund primarily invests in a portfolio of underlying mutual funds and exchange-traded funds managed by established sub-advisers, employing a multi-manager structure designed to capture opportunities across a range of market capitalizations and industry sectors.

Under normal market conditions, ASG allocates the majority of its assets to common stocks of companies it believes exhibit above-average growth potential.