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

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 64,257 shares, a drop of 38.5% from the March 15th total of 104,440 shares. Based on an average daily trading volume, of 272,761 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Several institutional investors have recently made changes to their positions in the stock. Invesco Ltd. purchased a new stake in shares of Liberty All-Star Growth Fund during the 4th quarter worth $318,000. XTX Topco Ltd purchased a new stake in shares of Liberty All-Star Growth Fund during the 4th quarter worth $72,000. Boothbay Fund Management LLC purchased a new stake in shares of Liberty All-Star Growth Fund during the 4th quarter worth $341,000. 1607 Capital Partners LLC boosted its position in shares of Liberty All-Star Growth Fund by 19.4% during the 4th quarter. 1607 Capital Partners LLC now owns 1,300,216 shares of the investment management company’s stock worth $6,891,000 after purchasing an additional 211,617 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Liberty All-Star Growth Fund by 77.5% during the 4th quarter. Guggenheim Capital LLC now owns 96,870 shares of the investment management company’s stock worth $513,000 after purchasing an additional 42,283 shares in the last quarter. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Stock Performance

NYSE:ASG traded up $0.07 during midday trading on Tuesday, reaching $5.22. The stock had a trading volume of 211,255 shares, compared to its average volume of 250,666. Liberty All-Star Growth Fund has a 12-month low of $4.41 and a 12-month high of $5.69. The firm has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $5.26.

Liberty All-Star Growth Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, April 16th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Thursday, April 16th.

About Liberty All-Star Growth Fund

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.