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

Liberty All-Star Equity Fund (NYSE:USA) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 248,198 shares, an increase of 585.3% from the July 15th total of 36,220 shares. Based on an average daily trading volume, of 1,501,656 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Several large investors have recently made changes to their positions in USA. Prospera Financial Services Inc raised its holdings in shares of Liberty All-Star Equity Fund by 141.9% in the fourth quarter. Prospera Financial Services Inc now owns 61,614 shares of the closed-end fund’s stock valued at $387,000 after buying an additional 36,140 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Liberty All-Star Equity Fund by 8.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 414,150 shares of the closed-end fund’s stock worth $2,601,000 after acquiring an additional 31,778 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Liberty All-Star Equity Fund by 311.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 24,975 shares of the closed-end fund’s stock worth $157,000 after acquiring an additional 18,905 shares during the last quarter. World Investment Advisors increased its position in Liberty All-Star Equity Fund by 19.5% in the 4th 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. Finally, Bensler LLC increased its position in Liberty All-Star Equity Fund by 58.9% in the 4th quarter. Bensler LLC now owns 24,784 shares of the closed-end fund’s stock valued at $156,000 after acquiring an additional 9,189 shares in the last quarter. Institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Price Performance

Shares of Liberty All-Star Equity Fund stock traded up $0.03 during midday trading on Thursday, hitting $6.08. 1,066,300 shares of the company were exchanged, compared to its average volume of 1,285,570. Liberty All-Star Equity Fund has a 52 week low of $5.40 and a 52 week high of $6.64. The firm has a 50 day simple moving average of $5.83 and a 200-day simple moving average of $5.83.

Liberty All-Star Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, July 16th. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.2%.

Liberty All-Star Equity Fund Company Profile

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.