Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Grows By 47.5%

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 104,440 shares, a growth of 47.5% from the February 26th total of 70,828 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 319,337 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC purchased a new position in Liberty All-Star Growth Fund during the second quarter worth about $55,000. StoneX Group Inc. acquired a new stake in shares of Liberty All-Star Growth Fund in the second quarter worth approximately $60,000. Farther Finance Advisors LLC grew its holdings in Liberty All-Star Growth Fund by 245.3% in the fourth quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 8,835 shares during the period. XTX Topco Ltd purchased a new position in Liberty All-Star Growth Fund during the fourth quarter worth approximately $72,000. Finally, AE Wealth Management LLC grew its stake in shares of Liberty All-Star Growth Fund by 17.9% during the 3rd quarter. AE Wealth Management LLC now owns 13,874 shares of the investment management company’s stock valued at $77,000 after buying an additional 2,103 shares during the period. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Stock Performance

Shares of ASG stock opened at $4.68 on Monday. Liberty All-Star Growth Fund has a fifty-two week low of $4.01 and a fifty-two week high of $5.69. The stock’s 50-day simple moving average is $5.10 and its 200-day simple moving average is $5.32.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Thursday, January 22nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend was Thursday, January 22nd.

Liberty All-Star Growth Fund Company Profile

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.