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

Liberty All-Star Growth Fund (NYSE:ASG) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 23,426 shares, an increase of 67.8% from the May 14th total of 13,959 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 222,570 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC bought a new stake in shares of Liberty All-Star Growth Fund during the second quarter valued at approximately $55,000. StoneX Group Inc. acquired a new stake in Liberty All-Star Growth Fund in the second quarter worth approximately $60,000. Farther Finance Advisors LLC boosted its stake in Liberty All-Star Growth Fund by 245.3% during the 4th 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 in the last quarter. XTX Topco Ltd bought a new position in Liberty All-Star Growth Fund during the 4th quarter valued at $72,000. Finally, Independent Financial Group LLC acquired a new position in shares of Liberty All-Star Growth Fund during the 1st quarter valued at $66,000. Institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Stock Performance

Shares of ASG traded down $0.01 during mid-day trading on Tuesday, reaching $5.38. 105,762 shares of the company’s stock traded hands, compared to its average volume of 267,510. The business’s 50-day moving average price is $5.21 and its 200-day moving average price is $5.20. Liberty All-Star Growth Fund has a 12 month low of $4.55 and a 12 month high of $5.69.

Liberty All-Star Growth Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, April 16th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Thursday, April 16th.

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.