Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Up 67.8% in May

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 23,426 shares, a growth of 67.8% from the May 14th total of 13,959 shares. Based on an average daily trading volume, of 222,570 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Several hedge funds and other institutional investors have recently bought and sold shares of ASG. Advisors Asset Management Inc. boosted its holdings in shares of Liberty All-Star Growth Fund by 4.0% in the 4th quarter. Advisors Asset Management Inc. now owns 133,519 shares of the investment management company’s stock valued at $708,000 after acquiring an additional 5,090 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Liberty All-Star Growth Fund by 5.7% during the third quarter. Ameriprise Financial Inc. now owns 99,954 shares of the investment management company’s stock valued at $555,000 after purchasing an additional 5,425 shares during the period. Dakota Wealth Management boosted its holdings in Liberty All-Star Growth Fund by 8.2% in the fourth quarter. Dakota Wealth Management now owns 79,859 shares of the investment management company’s stock valued at $423,000 after purchasing an additional 6,025 shares during the last quarter. City of London Investment Management Co. Ltd. grew its position in Liberty All-Star Growth Fund by 3.2% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 274,360 shares of the investment management company’s stock worth $1,523,000 after purchasing an additional 8,610 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Liberty All-Star Growth Fund by 245.3% during 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 during the last quarter. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Price Performance

Shares of ASG traded up $0.12 during trading hours on Monday, reaching $5.42. 237,824 shares of the company traded hands, compared to its average volume of 291,359. The business has a fifty day moving average price of $5.20 and a 200-day moving average price of $5.20. Liberty All-Star Growth Fund has a 12-month low of $4.55 and a 12-month high of $5.69.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, April 16th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.1%.

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.