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

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 251,149 shares, a growth of 76.5% from the June 15th total of 142,318 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,659,295 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of USA. NewEdge Advisors LLC boosted its position in shares of Liberty All-Star Equity Fund by 5.8% in the first quarter. NewEdge Advisors LLC now owns 143,782 shares of the closed-end fund’s stock worth $942,000 after acquiring an additional 7,907 shares during the last quarter. Jane Street Group LLC acquired a new position in Liberty All-Star Equity Fund during the first quarter worth approximately $98,000. Thompson Davis & CO. Inc. acquired a new position in Liberty All-Star Equity Fund during the second quarter worth approximately $88,000. Invesco Ltd. raised its stake in Liberty All-Star Equity Fund by 6.7% during the second quarter. Invesco Ltd. now owns 453,344 shares of the closed-end fund’s stock worth $3,087,000 after purchasing an additional 28,583 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Liberty All-Star Equity Fund by 20.0% during the second quarter. EverSource Wealth Advisors LLC now owns 12,000 shares of the closed-end fund’s stock worth $82,000 after purchasing an additional 2,000 shares during the period. 9.95% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Equity Fund Trading Down 3.1%

NYSE USA opened at $5.80 on Friday. The business’s 50-day moving average price is $5.80 and its 200 day moving average price is $5.89. Liberty All-Star Equity Fund has a twelve month low of $5.40 and a twelve month high of $6.85.

Liberty All-Star Equity Fund Increases Dividend

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

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.