Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 378,800 shares, a growth of 151.7% from the March 31st total of 150,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 871,600 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC boosted its stake in Liberty All-Star Equity Fund by 15.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,507 shares of the closed-end fund's stock valued at $122,000 after buying an additional 2,393 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Liberty All-Star Equity Fund by 28.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 20,275 shares of the closed-end fund's stock worth $141,000 after purchasing an additional 4,550 shares in the last quarter. Annex Advisory Services LLC increased its position in Liberty All-Star Equity Fund by 87.0% during the 4th quarter. Annex Advisory Services LLC now owns 30,914 shares of the closed-end fund's stock worth $215,000 after purchasing an additional 14,383 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Liberty All-Star Equity Fund by 10.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,013,472 shares of the closed-end fund's stock valued at $7,044,000 after purchasing an additional 95,424 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of Liberty All-Star Equity Fund during the fourth quarter worth $98,000. Institutional investors and hedge funds own 9.95% of the company's stock.
Liberty All-Star Equity Fund Trading Up 0.8 %
NYSE:USA traded up $0.05 during mid-day trading on Friday, hitting $6.48. The stock had a trading volume of 758,109 shares, compared to its average volume of 726,925. Liberty All-Star Equity Fund has a twelve month low of $5.64 and a twelve month high of $7.49. The company's 50 day simple moving average is $6.44 and its 200 day simple moving average is $6.90.
Liberty All-Star Equity Fund Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, April 17th will be issued a $0.15 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.60 annualized dividend and a yield of 9.26%.
About Liberty All-Star Equity Fund
(
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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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