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

Liberty All-Star Growth Fund (NYSE:ASG) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 14,632 shares, a decline of 49.8% from the July 30th total of 29,161 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 240,600 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in Liberty All-Star Growth Fund during the 2nd quarter valued at about $55,000. NWF Advisory Services Inc. purchased a new position in shares of Liberty All-Star Growth Fund in the second quarter worth about $55,000. StoneX Group Inc. purchased a new position in shares of Liberty All-Star Growth Fund in the second quarter worth about $60,000. Farther Finance Advisors LLC lifted its holdings in shares of Liberty All-Star Growth Fund by 245.3% during the fourth quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock worth $66,000 after purchasing an additional 8,835 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Liberty All-Star Growth Fund during the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Trading Down 0.4%

Liberty All-Star Growth Fund stock traded down $0.02 during mid-day trading on Friday, reaching $5.24. 243,785 shares of the company traded hands, compared to its average volume of 206,885. The firm’s fifty day moving average is $5.31 and its two-hundred day moving average is $5.19. Liberty All-Star Growth Fund has a fifty-two week low of $4.55 and a fifty-two week high of $5.69.

Liberty All-Star Growth 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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.2%. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, July 16th.

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.