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

Liberty All-Star Equity Fund (NYSE:USAGet Free Report) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 125,724 shares, a drop of 49.3% from the July 30th total of 248,198 shares. Based on an average daily volume of 1,375,608 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Liberty All-Star Equity Fund Stock Performance

NYSE:USA opened at $6.00 on Friday. Liberty All-Star Equity Fund has a 12-month low of $5.40 and a 12-month high of $6.64. The stock’s 50 day moving average price is $5.88 and its two-hundred day moving average price is $5.82.

Liberty All-Star Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, July 16th will be issued a dividend of $0.17 per share. This is an increase 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 dividend yield of 11.3%. The ex-dividend date is Thursday, July 16th.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Several institutional investors and hedge funds have recently bought and sold shares of USA. Global Retirement Partners LLC purchased a new stake in Liberty All-Star Equity Fund in the fourth quarter worth $37,000. Fifth Third Bancorp purchased a new stake in shares of Liberty All-Star Equity Fund during the 1st quarter valued at about $44,000. Canal Capital Management LLC purchased a new position in shares of Liberty All-Star Equity Fund during the first quarter valued at approximately $60,000. Investmark Advisory Group LLC purchased a new position in shares of Liberty All-Star Equity Fund during the second quarter valued at approximately $62,000. Finally, Three Magnolias Financial Advisors LLC boosted its holdings in Liberty All-Star Equity Fund by 25.0% in the first quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Company Profile

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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.

Further Reading

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