Short Interest in Liberty All-Star Equity Fund (NYSE:USA) Decreases By 49.3%

Liberty All-Star Equity Fund (NYSE:USA) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 125,724 shares, a decrease of 49.3% from the July 30th total of 248,198 shares. Based on an average daily volume of 1,375,608 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rivernorth Capital Management LLC increased its position in Liberty All-Star Equity Fund by 179.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock worth $35,372,000 after purchasing an additional 3,613,785 shares during the last quarter. Raymond James Financial Inc. grew its position in Liberty All-Star Equity Fund by 27.7% in the third quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock worth $25,962,000 after acquiring an additional 889,061 shares in the last quarter. Royal Bank of Canada increased its stake in Liberty All-Star Equity Fund by 15.0% during the first quarter. Royal Bank of Canada now owns 2,271,108 shares of the closed-end fund’s stock worth $12,604,000 after acquiring an additional 296,607 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Liberty All-Star Equity Fund by 3.2% during the second quarter. Ameriprise Financial Inc. now owns 1,742,069 shares of the closed-end fund’s stock worth $11,865,000 after acquiring an additional 54,193 shares during the last quarter. Finally, 1607 Capital Partners LLC lifted its stake in shares of Liberty All-Star Equity Fund by 115.5% in the 4th quarter. 1607 Capital Partners LLC now owns 1,353,935 shares of the closed-end fund’s stock valued at $8,503,000 after purchasing an additional 725,531 shares during the last quarter. 9.95% of the stock is currently owned by institutional investors.

Liberty All-Star Equity Fund Price Performance

USA stock opened at $6.00 on Friday. The company’s fifty day moving average price is $5.88 and its 200-day moving average price is $5.82. Liberty All-Star Equity Fund has a one year low of $5.40 and a one year high of $6.64.

Liberty All-Star Equity Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, July 16th. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 11.3%.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.