Liberty All-Star Equity Fund (NYSE:USA) Sees Large Decrease in Short Interest

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 125,724 shares, a drop of 49.3% from the July 30th total of 248,198 shares. Based on an average daily trading volume, of 1,375,608 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Liberty All-Star Equity Fund Price Performance

NYSE USA traded down $0.01 on Monday, hitting $5.99. The company had a trading volume of 979,084 shares, compared to its average volume of 1,266,851. The company’s fifty day moving average price is $5.88 and its 200-day moving average price is $5.82. Liberty All-Star Equity Fund has a 12-month low of $5.40 and a 12-month high of $6.64.

Liberty All-Star Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be given a dividend of $0.17 per share. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 16th. This represents a $0.68 annualized dividend and a dividend yield of 11.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in Liberty All-Star Equity Fund during the 4th quarter worth approximately $37,000. Fifth Third Bancorp purchased a new position in shares of Liberty All-Star Equity Fund in the first quarter valued at approximately $44,000. Investmark Advisory Group LLC acquired a new stake in shares of Liberty All-Star Equity Fund in the second quarter worth approximately $62,000. Canal Capital Management LLC acquired a new stake in shares of Liberty All-Star Equity Fund in the first quarter worth approximately $60,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Liberty All-Star Equity Fund during the third quarter worth approximately $72,000. 9.95% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.