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

Key Points

• Short interest fell 53.8% to 17,997 shares as of September 15, representing approximately 0.0% of outstanding stock and only 0.1 days of average trading volume.
• Institutional ownership stands at 21.62%, with several firms initiating positions and HighTower Advisors increasing its stake by 73.8% during the second quarter.
• The stock recently traded at $5.04, within a $4.55–$5.69 one-year range, while the fund raised its quarterly dividend to $0.12, implying an annualized yield of approximately 9.5%.

Liberty All-Star Growth Fund (NYSE:ASG - Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 17,997 shares, a decrease of 53.8% from the August 31st total of 38,996 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 282,414 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of institutional investors have recently bought and sold shares of the business. NWF Advisory Services Inc. acquired a new position in shares of Liberty All-Star Growth Fund in the 2nd quarter valued at about $55,000. Independent Financial Group LLC acquired a new stake in shares of Liberty All-Star Growth Fund during the first quarter worth approximately $66,000. TrueMark Investments LLC purchased a new position in Liberty All-Star Growth Fund during the first quarter valued at approximately $68,000. HighTower Advisors LLC grew its position in Liberty All-Star Growth Fund by 73.8% during the second quarter. HighTower Advisors LLC now owns 29,569 shares of the investment management company's stock valued at $162,000 after purchasing an additional 12,559 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Liberty All-Star Growth Fund in the 2nd quarter valued at approximately $166,000. 21.62% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Stock Performance

Shares of Liberty All-Star Growth Fund stock traded down $0.06 during midday trading on Monday, hitting $5.04. The company's stock had a trading volume of 313,019 shares, compared to its average volume of 270,929. The stock has a 50-day simple moving average of $5.19 and a 200-day simple moving average of $5.18. Liberty All-Star Growth Fund has a 1-year low of $4.55 and a 1-year high of $5.69.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, July 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $0.48 annualized dividend and a yield of 9.5%. This is an increase from Liberty All-Star Growth Fund's previous quarterly dividend of $0.11.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund NYSE: ASG is a diversified closed-end investment company that seeks long-term growth of capital. The fund invests primarily in a portfolio of publicly traded equity securities, with an emphasis on companies demonstrating above-average growth potential.

The fund uses a multi-manager investment approach, allocating assets among independent investment management firms with different growth-oriented strategies. Its portfolio may include companies across a range of market capitalizations, industries and economic sectors, with investments generally focused on U.S.

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