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

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 71,259 shares, a decrease of 29.9% from the December 31st total of 101,653 shares. Based on an average daily trading volume, of 260,844 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 260,844 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Liberty All-Star Growth Fund

A number of institutional investors have recently added to or reduced their stakes in ASG. Polar Asset Management Partners Inc. bought a new stake in Liberty All-Star Growth Fund in the third quarter worth approximately $2,531,000. 1607 Capital Partners LLC boosted its holdings in Liberty All-Star Growth Fund by 27.8% during the third quarter. 1607 Capital Partners LLC now owns 1,088,599 shares of the investment management company’s stock valued at $6,042,000 after acquiring an additional 236,509 shares during the period. Shaker Financial Services LLC grew its stake in shares of Liberty All-Star Growth Fund by 17.7% during the fourth quarter. Shaker Financial Services LLC now owns 1,547,675 shares of the investment management company’s stock worth $8,354,000 after purchasing an additional 232,946 shares during the period. PMG Family Office LLC bought a new position in Liberty All-Star Growth Fund in the third quarter valued at approximately $1,269,000. Finally, Absolute Investment Advisers LLC acquired a new position in shares of Liberty All-Star Growth Fund during the 4th quarter worth about $928,000. 21.62% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Stock Performance

Liberty All-Star Growth Fund stock opened at $5.23 on Friday. Liberty All-Star Growth Fund has a 12 month low of $4.01 and a 12 month high of $5.81. The company’s fifty day simple moving average is $5.35 and its 200-day simple moving average is $5.45.

Liberty All-Star Growth Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, January 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, January 22nd.

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.