Liberty All-Star Growth Fund (NYSE:ASG - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 180,300 shares, an increase of 26.0% from the May 15th total of 143,100 shares. Based on an average daily volume of 272,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company's stock are short sold.
Liberty All-Star Growth Fund Stock Performance
NYSE:ASG traded down $0.07 during trading hours on Friday, hitting $5.22. The company's stock had a trading volume of 205,477 shares, compared to its average volume of 264,542. Liberty All-Star Growth Fund has a 52-week low of $4.01 and a 52-week high of $6.08. The stock has a fifty day moving average of $5.08 and a 200-day moving average of $5.30.
Liberty All-Star Growth Fund Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, April 17th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.40 annualized dividend and a dividend yield of 7.67%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Elequin Capital LP purchased a new stake in Liberty All-Star Growth Fund during the fourth quarter worth approximately $53,000. PFG Investments LLC acquired a new stake in Liberty All-Star Growth Fund during the first quarter worth approximately $63,000. Two Sigma Securities LLC purchased a new stake in shares of Liberty All-Star Growth Fund during the 4th quarter worth approximately $66,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Liberty All-Star Growth Fund by 24.5% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,149 shares of the investment management company's stock worth $74,000 after buying an additional 2,591 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Liberty All-Star Growth Fund in the 1st quarter valued at $85,000. Hedge funds and other institutional investors own 21.62% of the company's stock.
About Liberty All-Star Growth Fund
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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.
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