Liberty All-Star Equity Fund (NYSE:USA) Short Interest Update

Liberty All-Star Equity Fund (NYSE:USA) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 36,220 shares, a decline of 85.6% from the June 30th total of 251,149 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,817,603 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of USA. Rivernorth Capital Management LLC boosted its position in shares of Liberty All-Star Equity Fund by 179.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock worth $35,372,000 after acquiring an additional 3,613,785 shares during the last quarter. Absolute Investment Advisers LLC increased its position in Liberty All-Star Equity Fund by 632.3% during the fourth quarter. Absolute Investment Advisers LLC now owns 2,698,528 shares of the closed-end fund’s stock worth $17,109,000 after purchasing an additional 2,330,028 shares during the last quarter. Quarry LP purchased a new position in Liberty All-Star Equity Fund during the fourth quarter worth approximately $6,705,000. Raymond James Financial Inc. raised its stake in Liberty All-Star Equity Fund by 27.7% during the third quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock worth $25,962,000 after purchasing an additional 889,061 shares during the period. Finally, Almitas Capital LLC acquired a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at $5,053,000. Institutional investors and hedge funds own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Stock Performance

Liberty All-Star Equity Fund stock traded up $0.04 during trading on Friday, hitting $5.68. The company’s stock had a trading volume of 1,743,005 shares, compared to its average volume of 1,678,419. The stock’s fifty day moving average is $5.79 and its 200 day moving average is $5.86. Liberty All-Star Equity Fund has a 1-year low of $5.40 and a 1-year high of $6.69.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be issued a $0.17 dividend. This is a positive change 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 yield of 12.0%.

About Liberty All-Star Equity Fund

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.