Liberty All-Star Equity Fund (NYSE:USA) Short Interest Update

Key Points

• Short interest plunged 58.4% to 52,318 shares as of August 31, representing approximately 0.0% of shares outstanding and just 0.1 days to cover.
• Liberty All-Star Equity Fund shares opened at $5.88, within a 12-month range of $5.40 to $6.58, while trading 0.4% higher.
• The fund raised its quarterly dividend to $0.17 per share, or $0.68 annualized, giving it an indicated yield of 11.6%; institutional investors own 9.95% of the fund.

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 52,318 shares, a decline of 58.4% from the August 15th total of 125,724 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,020,467 shares, the days-to-cover ratio is presently 0.1 days.

Liberty All-Star Equity Fund Trading Up 0.4%

Shares of USA opened at $5.88 on Friday. Liberty All-Star Equity Fund has a twelve month low of $5.40 and a twelve month high of $6.58. The business's 50-day moving average price is $5.92 and its 200-day moving average price is $5.82.

Liberty All-Star Equity Fund Increases Dividend

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

Institutional Trading of Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Liberty All-Star Equity Fund by 5.8% during the first quarter. NewEdge Advisors LLC now owns 143,782 shares of the closed-end fund's stock valued at $942,000 after buying an additional 7,907 shares during the period. Jane Street Group LLC purchased a new stake in shares of Liberty All-Star Equity Fund in the 1st quarter valued at about $98,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Liberty All-Star Equity Fund in the 2nd quarter valued at about $88,000. Invesco Ltd. boosted its position in shares of Liberty All-Star Equity Fund by 6.7% during the 2nd quarter. Invesco Ltd. now owns 453,344 shares of the closed-end fund's stock valued at $3,087,000 after acquiring an additional 28,583 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Liberty All-Star Equity Fund by 20.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,000 shares of the closed-end fund's stock valued at $82,000 after acquiring an additional 2,000 shares during the last quarter. 9.95% of the stock is currently owned by hedge funds and other institutional investors.

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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