Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Down 35.9% in April

Key Points

• Short interest fell 35.9% to 41,218 shares as of April 15, representing about 0.1% of shares and a short-interest ratio of 0.2 days.
• ASG traded down $0.11 (≈2.0%) to $5.18 on volume of 330,011 versus an average of 266,477, with a 50‑day SMA of $5.01, 200‑day SMA of $5.24, and a 12‑month range of $4.55–$5.69.
• The fund declared a quarterly dividend of $0.11 (ex‑dividend April 16, payable June 1), equal to $0.44 annualized and an 8.5% yield.

Liberty All-Star Growth Fund (NYSE:ASG - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 41,218 shares, a drop of 35.9% from the March 31st total of 64,257 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 245,881 shares, the short-interest ratio is presently 0.2 days.

Liberty All-Star Growth Fund Trading Down 2.0%

Liberty All-Star Growth Fund stock traded down $0.11 during midday trading on Tuesday, reaching $5.18. The stock had a trading volume of 330,011 shares, compared to its average volume of 266,477. The firm's fifty day simple moving average is $5.01 and its two-hundred day simple moving average is $5.24. Liberty All-Star Growth Fund has a twelve month low of $4.55 and a twelve month high of $5.69.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, April 16th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $0.44 dividend on an annualized basis and a yield of 8.5%.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of institutional investors have recently modified their holdings of ASG. IHT Wealth Management LLC acquired a new stake in shares of Liberty All-Star Growth Fund during the 2nd quarter valued at $55,000. StoneX Group Inc. bought a new position in Liberty All-Star Growth Fund in the 2nd quarter worth $60,000. Farther Finance Advisors LLC raised its holdings in Liberty All-Star Growth Fund by 245.3% in the 4th quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company's stock worth $66,000 after acquiring an additional 8,835 shares during the period. TrueMark Investments LLC bought a new position in shares of Liberty All-Star Growth Fund during the 1st quarter worth about $68,000. Finally, XTX Topco Ltd bought a new position in shares of Liberty All-Star Growth Fund during the 4th quarter worth about $72,000. Institutional investors and hedge funds own 21.62% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.