Short Interest in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Increases By 10.0%

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 30,700 shares, a growth of 10.0% from the March 15th total of 27,900 shares. Based on an average daily trading volume, of 312,700 shares, the short-interest ratio is currently 0.1 days.

Liberty All-Star Growth Fund Price Performance

Shares of NYSE:ASG opened at $5.19 on Wednesday. The firm has a fifty day moving average of $5.40 and a two-hundred day moving average of $5.16. Liberty All-Star Growth Fund has a 12-month low of $4.47 and a 12-month high of $5.71.

Liberty All-Star Growth Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.26%. This is a positive change from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Liberty All-Star Growth Fund by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 93,052 shares of the investment management company’s stock valued at $511,000 after buying an additional 7,371 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Liberty All-Star Growth Fund in the 4th quarter valued at $119,000. PNC Financial Services Group Inc. acquired a new stake in shares of Liberty All-Star Growth Fund in the 4th quarter valued at $268,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Liberty All-Star Growth Fund in the 4th quarter valued at $76,000. Finally, Flow State Investments L.P. lifted its stake in shares of Liberty All-Star Growth Fund by 788.2% in the 4th quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 107,651 shares during the last quarter. Institutional investors and hedge funds own 21.62% of the company’s stock.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.