Liberty All-Star Equity Fund (NYSE:USA) Shares Shorted: Short Interest Up 111.8% in September

Key Points

• Short interest more than doubled to 110,815 shares as of September 15, up 111.8% from August 31. Despite the increase, short interest represented approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.1.
• Liberty All-Star Equity Fund shares opened at $5.86, within a 12-month range of $5.40 to $6.47. Institutional investors owned 9.95% of the fund.
• The fund raised its quarterly dividend to $0.17 per share, or $0.68 annualized, representing a yield of approximately 11.6%.

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 110,815 shares, a growth of 111.8% from the August 31st total of 52,318 shares. Based on an average trading volume of 1,193,995 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Hedge funds have recently modified their holdings of the business. Advocate Investing Services LLC raised its stake in shares of Liberty All-Star Equity Fund by 5.0% during the first quarter. Advocate Investing Services LLC now owns 148,369 shares of the closed-end fund's stock worth $823,000 after buying an additional 7,121 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of Liberty All-Star Equity Fund by 6.9% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund's stock valued at $172,000 after acquiring an additional 1,997 shares during the period. Wealth Effects LLC bought a new stake in Liberty All-Star Equity Fund in the first quarter valued at approximately $412,000. TrueMark Investments LLC lifted its holdings in Liberty All-Star Equity Fund by 5.4% during the first quarter. TrueMark Investments LLC now owns 125,376 shares of the closed-end fund's stock worth $696,000 after acquiring an additional 6,384 shares in the last quarter. Finally, PMG Family Office LLC grew its stake in Liberty All-Star Equity Fund by 9.6% in the first quarter. PMG Family Office LLC now owns 265,646 shares of the closed-end fund's stock valued at $1,474,000 after acquiring an additional 23,253 shares during the period. 9.95% of the stock is owned by institutional investors.

Liberty All-Star Equity Fund Price Performance

Shares of NYSE USA opened at $5.86 on Monday. Liberty All-Star Equity Fund has a twelve month low of $5.40 and a twelve month high of $6.47. The firm has a 50-day moving average of $5.92 and a two-hundred day moving average of $5.81.

Liberty All-Star Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, July 16th. This is an increase from Liberty All-Star Equity Fund's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 11.6%.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund NYSE: USA is a diversified closed-end investment company that seeks long-term capital growth and income by investing primarily in the common stocks of U.S. companies. The fund provides investors with a professionally managed portfolio of equity securities across multiple industries and sectors.

The fund uses a multi-manager investment structure, allocating assets among independent investment management firms with different styles and approaches. This structure is designed to combine growth-oriented and value-oriented strategies while providing exposure to companies of varying sizes and business characteristics.

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