Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Declines By 24.5%

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 107,372 shares, a decline of 24.5% from the November 30th total of 142,300 shares. Based on an average trading volume of 228,270 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 228,270 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in shares of Liberty All-Star Growth Fund during the 2nd quarter worth approximately $31,000. IHT Wealth Management LLC acquired a new position in shares of Liberty All-Star Growth Fund in the second quarter valued at $55,000. StoneX Group Inc. bought a new position in Liberty All-Star Growth Fund in the second quarter worth $60,000. Wealthcare Advisory Partners LLC acquired a new stake in Liberty All-Star Growth Fund during the second quarter worth $75,000. Finally, AE Wealth Management LLC increased its holdings in Liberty All-Star Growth Fund by 17.9% in the 3rd quarter. AE Wealth Management LLC now owns 13,874 shares of the investment management company’s stock valued at $77,000 after buying an additional 2,103 shares during the period. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Price Performance

Liberty All-Star Growth Fund stock traded down $0.06 during mid-day trading on Wednesday, reaching $5.29. The company had a trading volume of 152,401 shares, compared to its average volume of 225,748. The company has a 50 day moving average of $5.37 and a 200-day moving average of $5.45. Liberty All-Star Growth Fund has a 52 week low of $4.01 and a 52 week high of $6.03.

Liberty All-Star Growth Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, November 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Friday, November 14th.

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.