Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Increases By 108.6%

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 28,340 shares, a growth of 108.6% from the June 15th total of 13,585 shares. Based on an average daily volume of 192,799 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Liberty All-Star Growth Fund Stock Performance

NYSE ASG traded down $0.20 during trading hours on Thursday, hitting $5.18. 211,808 shares of the company’s stock traded hands, compared to its average volume of 276,787. Liberty All-Star Growth Fund has a 52 week low of $4.55 and a 52 week high of $5.69. The business’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.20.

Liberty All-Star Growth Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 9.3%. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, July 16th.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in shares of Liberty All-Star Growth Fund in the second quarter worth $55,000. StoneX Group Inc. purchased a new position in Liberty All-Star Growth Fund in the 2nd quarter worth approximately $60,000. Farther Finance Advisors LLC boosted its stake in Liberty All-Star Growth Fund by 245.3% in the 4th quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock worth $66,000 after purchasing an additional 8,835 shares during the period. Independent Financial Group LLC purchased a new stake in Liberty All-Star Growth Fund in the 1st quarter worth $66,000. Finally, TrueMark Investments LLC purchased a new position in shares of Liberty All-Star Growth Fund during the first quarter valued at about $68,000. 21.62% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund (NYSE: ASG) is a closed-end, diversified management investment company that seeks long-term capital appreciation through exposure to growth-oriented equities. The fund primarily invests in a portfolio of underlying mutual funds and exchange-traded funds managed by established sub-advisers, employing a multi-manager structure designed to capture opportunities across a range of market capitalizations and industry sectors.

Under normal market conditions, ASG allocates the majority of its assets to common stocks of companies it believes exhibit above-average growth potential.