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

Liberty All-Star Equity Fund (NYSE:USA) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 110,815 shares, an increase of 111.8% from the August 31st total of 52,318 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,193,995 shares, the days-to-cover ratio is presently 0.1 days.

Liberty All-Star Equity Fund Stock Performance

NYSE:USA opened at $5.80 on Wednesday. Liberty All-Star Equity Fund has a fifty-two week low of $5.40 and a fifty-two week high of $6.47. The company has a fifty day moving average of $5.92 and a two-hundred day moving average of $5.81.

Liberty All-Star Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, July 16th were paid a dividend of $0.17 per share. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend was Thursday, July 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Onyx Bridge Wealth Group LLC grew its holdings in Liberty All-Star Equity Fund by 6.9% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund’s stock valued at $172,000 after buying an additional 1,997 shares in the last quarter. World Investment Advisors raised its holdings in shares of Liberty All-Star Equity Fund by 19.5% during the 4th quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock worth $92,000 after acquiring an additional 2,375 shares during the period. Three Magnolias Financial Advisors LLC raised its holdings in shares of Liberty All-Star Equity Fund by 25.0% during the 1st quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after acquiring an additional 2,500 shares during the period. NewEdge Advisors LLC boosted its position in shares of Liberty All-Star Equity Fund by 1.9% during the 1st quarter. NewEdge Advisors LLC now owns 177,215 shares of the closed-end fund’s stock valued at $984,000 after acquiring an additional 3,281 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in shares of Liberty All-Star Equity Fund by 19.5% during the 2nd quarter. RFG Advisory LLC now owns 20,193 shares of the closed-end fund’s stock valued at $117,000 after acquiring an additional 3,292 shares during the last quarter. 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 diversified closed-end investment company that seeks long-term capital growth and income by investing primarily in the common stocks of U.S. companies. The fund provides investors with a professionally managed portfolio of equity securities across multiple industries and sectors.

The fund uses a multi-manager investment structure, allocating assets among independent investment management firms with different styles and approaches. This structure is designed to combine growth-oriented and value-oriented strategies while providing exposure to companies of varying sizes and business characteristics.