Liberty All-Star Growth Fund (NYSE:ASG) Sees Large Decrease in Short Interest

Key Points

• Short interest dropped 12.5% to 70,828 shares as of Feb. 27, implying a very low short-interest ratio of 0.3 days and only 0.1% of shares sold short.
• The fund paid a quarterly dividend of $0.12 (annualized $0.48), corresponding to a high yield of 9.8%.
• Institutional activity included several new stakes and increases (e.g., Farther Finance Advisors up 245.3% to 12,436 shares), and about 21.62% of the stock is held by hedge funds and other institutions.

Liberty All-Star Growth Fund (NYSE:ASG - Get Free Report) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 70,828 shares, a drop of 12.5% from the February 12th total of 80,915 shares. Based on an average daily volume of 260,877 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company's stock are sold short. Currently, 0.1% of the company's stock are sold short. Based on an average daily volume of 260,877 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Liberty All-Star Growth Fund

Institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC bought a new stake in Liberty All-Star Growth Fund during the second quarter worth $55,000. StoneX Group Inc. bought a new position in Liberty All-Star Growth Fund in the 2nd quarter valued at $60,000. Farther Finance Advisors LLC increased its position in shares of Liberty All-Star Growth Fund by 245.3% during the 4th quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company's stock valued at $66,000 after purchasing an additional 8,835 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Liberty All-Star Growth Fund during the 4th quarter worth $72,000. Finally, AE Wealth Management LLC raised its stake in shares of Liberty All-Star Growth Fund by 17.9% during the 3rd quarter. AE Wealth Management LLC now owns 13,874 shares of the investment management company's stock worth $77,000 after purchasing an additional 2,103 shares during the period. 21.62% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Stock Up 2.2%

Shares of ASG stock opened at $4.92 on Tuesday. Liberty All-Star Growth Fund has a 52-week low of $4.01 and a 52-week high of $5.69. The company has a 50-day simple moving average of $5.22 and a two-hundred day simple moving average of $5.37.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Thursday, January 22nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date was Thursday, January 22nd.

About Liberty All-Star Growth Fund

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.

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