Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Increases By 166.5%

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 38,996 shares, a growth of 166.5% from the August 15th total of 14,632 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 175,758 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Liberty All-Star Growth Fund

Several large investors have recently added to or reduced their stakes in the company. NWF Advisory Services Inc. acquired a new stake in shares of Liberty All-Star Growth Fund in the second quarter worth $55,000. Wedbush Securities Inc. raised its position in 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 buying an additional 2,377 shares during the period. Almitas Capital LLC acquired a new position in Liberty All-Star Growth Fund during the second quarter valued at $2,552,000. EP Wealth Advisors LLC purchased a new stake in Liberty All-Star Growth Fund in the 2nd quarter worth about $660,000. Finally, Rivernorth Capital Management LLC purchased a new stake in Liberty All-Star Growth Fund in the 1st quarter worth about $706,000. 21.62% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Price Performance

NYSE ASG traded down $0.03 on Monday, hitting $5.01. 270,844 shares of the company were exchanged, compared to its average volume of 271,777. Liberty All-Star Growth Fund has a twelve month low of $4.55 and a twelve month high of $5.69. The company’s 50 day moving average price is $5.24 and its 200-day moving average price is $5.18.

Liberty All-Star Growth Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 9.6%. The ex-dividend date was Thursday, July 16th. This is a positive change from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

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.