Liberty All-Star Equity Fund (NYSE:USA) Short Interest Up 65.9% in May

Liberty All-Star Equity Fund (NYSE:USA) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 132,313 shares, an increase of 65.9% from the May 14th total of 79,741 shares. Based on an average daily trading volume, of 1,036,140 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Liberty All-Star Equity Fund Trading Up 2.0%

Shares of NYSE:USA traded up $0.12 during trading on Monday, reaching $5.86. 1,689,457 shares of the company traded hands, compared to its average volume of 1,172,847. The firm has a fifty day simple moving average of $5.77 and a 200 day simple moving average of $5.95. Liberty All-Star Equity Fund has a 1-year low of $5.40 and a 1-year high of $6.96.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, April 16th were paid a $0.15 dividend. The ex-dividend date was Thursday, April 16th. This represents a $0.60 dividend on an annualized basis and a yield of 10.2%.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Liberty All-Star Equity Fund by 6.9% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund’s stock valued at $172,000 after buying an additional 1,997 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Liberty All-Star Equity Fund by 20.0% during the second quarter. EverSource Wealth Advisors LLC now owns 12,000 shares of the closed-end fund’s stock valued at $82,000 after acquiring an additional 2,000 shares in the last quarter. World Investment Advisors raised its position in Liberty All-Star Equity Fund by 19.5% during the fourth quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock valued at $91,000 after acquiring an additional 2,375 shares in the last quarter. Three Magnolias Financial Advisors LLC lifted its stake in Liberty All-Star Equity Fund by 25.0% in the first quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock valued at $69,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in Liberty All-Star Equity Fund by 27.0% in the fourth quarter. Merit Financial Group LLC now owns 12,713 shares of the closed-end fund’s stock valued at $80,000 after acquiring an additional 2,701 shares during the last quarter. 9.95% of the stock is owned by hedge funds and other 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.