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

Liberty All-Star Growth Fund (NYSE:ASG - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 180,300 shares, a growth of 26.0% from the May 15th total of 143,100 shares. Based on an average daily volume of 272,900 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company's shares are sold short.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 1607 Capital Partners LLC raised its position in Liberty All-Star Growth Fund by 81.0% in the fourth quarter. 1607 Capital Partners LLC now owns 732,060 shares of the investment management company's stock worth $4,136,000 after acquiring an additional 327,567 shares in the last quarter. Shaker Financial Services LLC grew its position in Liberty All-Star Growth Fund by 19.9% in the 1st quarter. Shaker Financial Services LLC now owns 1,486,164 shares of the investment management company's stock worth $7,267,000 after purchasing an additional 246,481 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Liberty All-Star Growth Fund by 3,274.9% during the first quarter. Wolverine Asset Management LLC now owns 222,742 shares of the investment management company's stock worth $1,089,000 after buying an additional 216,142 shares in the last quarter. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of Liberty All-Star Growth Fund by 306.5% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 99,889 shares of the investment management company's stock worth $488,000 after buying an additional 75,316 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Liberty All-Star Growth Fund during the 4th quarter valued at about $358,000. 21.62% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Stock Up 0.7%

ASG traded up $0.04 on Wednesday, hitting $5.27. 204,158 shares of the company traded hands, compared to its average volume of 263,727. Liberty All-Star Growth Fund has a 12-month low of $4.01 and a 12-month high of $6.08. The company has a 50 day moving average of $5.05 and a 200-day moving average of $5.31.

Liberty All-Star Growth Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, April 17th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend was Thursday, April 17th.

Liberty All-Star Growth Fund Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.