Liberty All-Star Growth Fund (NYSE:ASG) Sees Large Growth in Short Interest

Liberty All-Star Growth Fund (NYSE:ASG) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 38,996 shares, an increase of 166.5% from the August 15th total of 14,632 shares. Based on an average daily volume of 175,758 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Liberty All-Star Growth Fund

Large investors have recently modified their holdings of the stock. NWF Advisory Services Inc. bought a new stake in Liberty All-Star Growth Fund in the second quarter valued at $55,000. Wedbush Securities Inc. boosted its position in shares of Liberty All-Star Growth Fund by 3.3% during the 2nd quarter. Wedbush Securities Inc. now owns 74,592 shares of the investment management company’s stock worth $408,000 after purchasing an additional 2,377 shares in the last quarter. Almitas Capital LLC bought a new position in shares of Liberty All-Star Growth Fund during the 2nd quarter worth about $2,552,000. EP Wealth Advisors LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 2nd quarter valued at about $660,000. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 1st quarter valued at about $706,000. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Trading Down 0.5%

NYSE ASG traded down $0.03 during trading hours on Tuesday, hitting $5.00. 46,578 shares of the company’s stock were exchanged, compared to its average volume of 270,481. The stock has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $5.18. Liberty All-Star Growth Fund has a 1-year low of $4.55 and a 1-year high of $5.69.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date was Thursday, July 16th. This is a positive change from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund (NYSE: ASG) is a diversified closed-end investment company that seeks long-term growth of capital. The fund invests primarily in a portfolio of publicly traded equity securities, with an emphasis on companies demonstrating above-average growth potential.

The fund uses a multi-manager investment approach, allocating assets among independent investment management firms with different growth-oriented strategies. Its portfolio may include companies across a range of market capitalizations, industries and economic sectors, with investments generally focused on U.S.