Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Sees Large Increase in Short Interest

Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 30,700 shares, a growth of 10.0% from the March 15th total of 27,900 shares. Based on an average daily volume of 312,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASG. Avior Wealth Management LLC purchased a new position in Liberty All-Star Growth Fund in the third quarter worth approximately $25,000. JPMorgan Chase & Co. purchased a new position in Liberty All-Star Growth Fund in the fourth quarter worth approximately $39,000. Virtu Financial LLC purchased a new position in Liberty All-Star Growth Fund in the fourth quarter worth approximately $54,000. Mutual Advisors LLC purchased a new position in Liberty All-Star Growth Fund in the fourth quarter worth approximately $58,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Liberty All-Star Growth Fund in the second quarter worth approximately $62,000. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Price Performance

Shares of ASG stock traded down $0.09 during trading hours on Monday, reaching $5.22. The company had a trading volume of 210,766 shares, compared to its average volume of 305,790. The stock has a fifty day moving average of $5.41 and a 200-day moving average of $5.16. Liberty All-Star Growth Fund has a 12-month low of $4.47 and a 12-month high of $5.71.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, April 19th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 9.20%. This is a positive change from Liberty All-Star Growth Fund's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, April 18th.

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.