Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Increases By 108.6%

Liberty All-Star Growth Fund (NYSE:ASGGet Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 28,340 shares, a growth of 108.6% from the June 15th total of 13,585 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 192,799 shares, the days-to-cover ratio is currently 0.1 days.

Liberty All-Star Growth Fund Trading Down 0.9%

NYSE ASG traded down $0.04 on Friday, reaching $5.14. 76,152 shares of the stock traded hands, compared to its average volume of 275,301. Liberty All-Star Growth Fund has a 12 month low of $4.55 and a 12 month high of $5.69. The company has a fifty day moving average price of $5.32 and a 200-day moving average price of $5.20.

Liberty All-Star Growth Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be issued a $0.12 dividend. The ex-dividend date is Thursday, July 16th. This is an increase from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 9.3%.

Institutional Trading of Liberty All-Star Growth Fund

A number of hedge funds have recently added to or reduced their stakes in ASG. Boothbay Fund Management LLC bought a new stake in shares of Liberty All-Star Growth Fund in the 4th quarter valued at about $341,000. Integrated Wealth Concepts LLC increased its holdings in Liberty All-Star Growth Fund by 596.4% during the third quarter. Integrated Wealth Concepts LLC now owns 159,853 shares of the investment management company’s stock valued at $887,000 after buying an additional 136,898 shares during the period. Advisors Asset Management Inc. raised its stake in Liberty All-Star Growth Fund by 4.0% in the fourth quarter. Advisors Asset Management Inc. now owns 133,519 shares of the investment management company’s stock worth $708,000 after buying an additional 5,090 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Liberty All-Star Growth Fund by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 99,954 shares of the investment management company’s stock worth $555,000 after buying an additional 5,425 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Liberty All-Star Growth Fund by 77.5% in the fourth quarter. Guggenheim Capital LLC now owns 96,870 shares of the investment management company’s stock worth $513,000 after buying an additional 42,283 shares in the last quarter. 21.62% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Company Profile

(Get Free Report)

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.

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