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

Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 143,100 shares, a decline of 15.5% from the April 30th total of 169,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 307,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Shaker Financial Services LLC boosted its stake in Liberty All-Star Growth Fund by 19.9% during the 1st quarter. Shaker Financial Services LLC now owns 1,486,164 shares of the investment management company's stock valued at $7,267,000 after purchasing an additional 246,481 shares during the period. 1607 Capital Partners LLC boosted its stake in Liberty All-Star Growth Fund by 20.8% during the 1st quarter. 1607 Capital Partners LLC now owns 884,228 shares of the investment management company's stock valued at $4,324,000 after purchasing an additional 152,168 shares during the period. Wells Fargo & Company MN boosted its stake in Liberty All-Star Growth Fund by 9.0% during the 4th quarter. Wells Fargo & Company MN now owns 498,090 shares of the investment management company's stock valued at $2,814,000 after purchasing an additional 40,973 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of Liberty All-Star Growth Fund by 3,274.9% in the 1st quarter. Wolverine Asset Management LLC now owns 222,742 shares of the investment management company's stock worth $1,089,000 after acquiring an additional 216,142 shares during the period. Finally, World Investment Advisors lifted its stake in shares of Liberty All-Star Growth Fund by 65.6% in the 4th quarter. World Investment Advisors now owns 131,855 shares of the investment management company's stock worth $745,000 after acquiring an additional 52,250 shares during the period. 21.62% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Trading Up 0.6%

Liberty All-Star Growth Fund stock traded up $0.03 during midday trading on Thursday, reaching $5.30. 106,748 shares of the stock traded hands, compared to its average volume of 265,140. The firm has a fifty day moving average price of $4.93 and a two-hundred day moving average price of $5.34. Liberty All-Star Growth Fund has a fifty-two week low of $4.01 and a fifty-two week high of $6.08.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, April 17th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date was Thursday, April 17th.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.