Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 378,800 shares, an increase of 151.7% from the March 31st total of 150,500 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 871,600 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of USA. LPL Financial LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 3.2% in the 4th quarter. LPL Financial LLC now owns 3,648,171 shares of the closed-end fund's stock valued at $25,355,000 after buying an additional 111,589 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter valued at about $17,316,000. Bensler LLC raised its holdings in shares of Liberty All-Star Equity Fund by 5.7% in the 1st quarter. Bensler LLC now owns 1,686,808 shares of the closed-end fund's stock valued at $11,049,000 after purchasing an additional 91,509 shares during the period. Ameriprise Financial Inc. lifted its stake in Liberty All-Star Equity Fund by 5.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,573,832 shares of the closed-end fund's stock valued at $10,938,000 after purchasing an additional 87,560 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Liberty All-Star Equity Fund by 16.2% during the first quarter. Janney Montgomery Scott LLC now owns 1,178,002 shares of the closed-end fund's stock worth $7,716,000 after purchasing an additional 164,530 shares during the period. 9.95% of the stock is currently owned by institutional investors.
Liberty All-Star Equity Fund Trading Up 1.0 %
NYSE:USA traded up $0.07 on Thursday, hitting $6.44. 149,600 shares of the company's stock were exchanged, compared to its average volume of 724,676. The firm has a 50-day moving average price of $6.46 and a 200-day moving average price of $6.91. Liberty All-Star Equity Fund has a 52 week low of $5.64 and a 52 week high of $7.49.
Liberty All-Star Equity Fund Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, April 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.60 annualized dividend and a yield of 9.32%.
Liberty All-Star Equity Fund Company Profile
(
Get Free Report)
Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.
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