Liberty All-Star Growth Fund (NYSE:ASG) Sees Large Drop in Short Interest

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 17,997 shares, a decline of 53.8% from the August 31st total of 38,996 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 282,414 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Liberty All-Star Growth Fund

Large investors have recently made changes to their positions in the stock. Readystate Asset Management LP bought a new position in Liberty All-Star Growth Fund in the 2nd quarter worth about $289,000. NWF Advisory Services Inc. bought a new stake in shares of Liberty All-Star Growth Fund during the second quarter valued at approximately $55,000. Wedbush Securities Inc. raised its stake in shares of Liberty All-Star Growth Fund by 3.3% during the second quarter. Wedbush Securities Inc. now owns 74,592 shares of the investment management company’s stock valued at $408,000 after acquiring an additional 2,377 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Liberty All-Star Growth Fund in the second quarter valued at approximately $2,552,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Liberty All-Star Growth Fund in the second quarter valued at approximately $660,000. 21.62% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Stock Down 0.1%

ASG traded down $0.01 during trading on Tuesday, reaching $5.05. The company had a trading volume of 200,908 shares, compared to its average volume of 252,208. The business has a 50 day simple moving average of $5.18 and a 200-day simple moving average of $5.18. Liberty All-Star Growth Fund has a 52 week low of $4.55 and a 52 week high of $5.69.

Liberty All-Star Growth Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, July 16th were issued a $0.12 dividend. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, July 16th. This represents a $0.48 annualized dividend and a dividend yield of 9.5%.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund (NYSE: ASG) is a diversified closed-end investment company that seeks long-term growth of capital. The fund invests primarily in a portfolio of publicly traded equity securities, with an emphasis on companies demonstrating above-average growth potential.

The fund uses a multi-manager investment approach, allocating assets among independent investment management firms with different growth-oriented strategies. Its portfolio may include companies across a range of market capitalizations, industries and economic sectors, with investments generally focused on U.S.