Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Short Interest Update

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 30,700 shares, an increase of 10.0% from the March 15th total of 27,900 shares. Based on an average daily volume of 312,700 shares, the days-to-cover ratio is currently 0.1 days.

Liberty All-Star Growth Fund Price Performance

Shares of NYSE:ASG opened at $5.19 on Wednesday. The company’s fifty day moving average is $5.40 and its two-hundred day moving average is $5.16. Liberty All-Star Growth Fund has a 12-month low of $4.47 and a 12-month high of $5.71.

Liberty All-Star Growth Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.12 per share. 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 yield of 9.26%. The ex-dividend date is Thursday, April 18th.

Institutional Trading of Liberty All-Star Growth Fund

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Liberty All-Star Growth Fund by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 93,052 shares of the investment management company’s stock valued at $511,000 after purchasing an additional 7,371 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Liberty All-Star Growth Fund during the 4th quarter valued at $119,000. PNC Financial Services Group Inc. purchased a new position in shares of Liberty All-Star Growth Fund during the 4th quarter valued at $268,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Liberty All-Star Growth Fund during the 4th quarter valued at $76,000. Finally, Flow State Investments L.P. grew its holdings in shares of Liberty All-Star Growth Fund by 788.2% during the 4th quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock valued at $641,000 after acquiring an additional 107,651 shares in the last quarter. 21.62% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.