Liberty All-Star Growth Fund (NYSE:ASG) Stock Short Interest Declines 53.8%

Liberty All-Star Growth Fund (NYSE:ASG – Get Free Report) was the target of a large decline in short interest in 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. Based on an average trading volume of 282,414 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Liberty All-Star Growth Fund Trading Down 1.1%

Shares of NYSE ASG traded down $0.06 during mid-day trading on Monday, reaching $5.04. The company had a trading volume of 313,019 shares, compared to its average volume of 270,929. Liberty All-Star Growth Fund has a twelve month low of $4.55 and a twelve month high of $5.69. The stock’s 50 day moving average is $5.19 and its 200-day moving average is $5.18.

Liberty All-Star Growth Fund Increases Dividend

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

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Several institutional investors have recently made changes to their positions in ASG. HighTower Advisors LLC grew its stake in shares of Liberty All-Star Growth Fund by 73.8% in the 2nd quarter. HighTower Advisors LLC now owns 29,569 shares of the investment management company’s stock valued at $162,000 after buying an additional 12,559 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Liberty All-Star Growth Fund in the second quarter valued at approximately $289,000. NWF Advisory Services Inc. acquired a new stake in Liberty All-Star Growth Fund in the second quarter valued at approximately $55,000. Wedbush Securities Inc. lifted its stake in Liberty All-Star Growth Fund by 3.3% in 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 during the last quarter. Finally, Almitas Capital LLC bought a new stake in Liberty All-Star Growth Fund in the second quarter worth approximately $2,552,000. 21.62% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Company Profile

(Get Free Report)

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.

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