Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Up 24.5% in January

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 88,741 shares, a growth of 24.5% from the January 15th total of 71,259 shares. Based on an average daily trading volume, of 313,171 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 313,171 shares, the short-interest ratio is presently 0.3 days.

Liberty All-Star Growth Fund Price Performance

Shares of NYSE:ASG traded up $0.01 during midday trading on Monday, reaching $5.15. The company had a trading volume of 373,012 shares, compared to its average volume of 284,223. The business’s 50 day moving average price is $5.32 and its 200 day moving average price is $5.42. Liberty All-Star Growth Fund has a 1-year low of $4.01 and a 1-year high of $5.69.

Liberty All-Star Growth Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Thursday, January 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Thursday, January 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ASG. IHT Wealth Management LLC acquired a new position in shares of Liberty All-Star Growth Fund in the second quarter valued at approximately $55,000. StoneX Group Inc. bought a new stake in Liberty All-Star Growth Fund in the 2nd quarter valued at $60,000. Farther Finance Advisors LLC grew its holdings in Liberty All-Star Growth Fund by 245.3% in the 4th quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock valued at $66,000 after buying an additional 8,835 shares in the last quarter. AE Wealth Management LLC increased its position in Liberty All-Star Growth Fund by 17.9% during the 3rd quarter. AE Wealth Management LLC now owns 13,874 shares of the investment management company’s stock worth $77,000 after buying an additional 2,103 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in shares of Liberty All-Star Growth Fund during the first quarter worth $85,000. Institutional investors own 21.62% of the company’s stock.

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.