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

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 107,372 shares, a decline of 24.5% from the November 30th total of 142,300 shares. Based on an average trading volume of 228,270 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 228,270 shares, the short-interest ratio is currently 0.5 days.

Liberty All-Star Growth Fund Stock Up 0.1%

Shares of Liberty All-Star Growth Fund stock traded up $0.01 on Tuesday, reaching $5.35. 300,610 shares of the company traded hands, compared to its average volume of 220,011. The company has a 50 day moving average of $5.38 and a 200 day moving average of $5.45. Liberty All-Star Growth Fund has a 52 week low of $4.01 and a 52 week high of $6.03.

Liberty All-Star Growth Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, November 14th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ASG. Ameritas Advisory Services LLC bought a new stake in Liberty All-Star Growth Fund in the 2nd quarter valued at about $31,000. IHT Wealth Management LLC bought a new stake in shares of Liberty All-Star Growth Fund during the 2nd quarter valued at $55,000. StoneX Group Inc. purchased a new stake in Liberty All-Star Growth Fund in the 2nd quarter worth approximately $60,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Liberty All-Star Growth Fund during the 2nd quarter valued at about $75,000. Finally, AE Wealth Management LLC raised its position in shares of 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 valued at $77,000 after buying an additional 2,103 shares in the last quarter. 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.