Liberty All-Star Equity Fund (NYSE:USA) Short Interest Update

Liberty All-Star Equity Fund (NYSE:USA) 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 trading volume of 1,375,608 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Liberty All-Star Equity Fund Price Performance

Liberty All-Star Equity Fund stock traded up $0.01 during trading hours on Friday, reaching $6.00. The company had a trading volume of 1,029,432 shares, compared to its average volume of 1,200,025. The company has a 50-day moving average price of $5.88 and a 200 day moving average price of $5.82. Liberty All-Star Equity Fund has a 12-month low of $5.40 and a 12-month high of $6.64.

Liberty All-Star Equity Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be issued a $0.17 dividend. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $0.68 dividend on an annualized basis and a yield of 11.3%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Several hedge funds and other institutional investors have recently modified their holdings of USA. Rivernorth Capital Management LLC lifted its holdings in Liberty All-Star Equity Fund by 179.0% in the 4th quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock worth $35,372,000 after buying an additional 3,613,785 shares during the period. Quarry LP bought a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter worth approximately $6,705,000. Raymond James Financial Inc. increased its stake in shares of Liberty All-Star Equity Fund by 27.7% during the third quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock valued at $25,962,000 after buying an additional 889,061 shares during the period. Almitas Capital LLC purchased a new position in shares of Liberty All-Star Equity Fund during the fourth quarter valued at approximately $5,053,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Liberty All-Star Equity Fund during the third quarter valued at approximately $4,769,000. 9.95% of the stock is owned by institutional investors.

About Liberty All-Star Equity Fund

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.