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

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 36,220 shares, a decline of 85.6% from the June 30th total of 251,149 shares. Based on an average daily trading volume, of 1,817,603 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Several large investors have recently modified their holdings of USA. Rivernorth Capital Management LLC lifted its position in Liberty All-Star Equity Fund by 179.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock worth $35,372,000 after buying an additional 3,613,785 shares during the last quarter. Absolute Investment Advisers LLC increased its position in Liberty All-Star Equity Fund by 632.3% during the fourth quarter. Absolute Investment Advisers LLC now owns 2,698,528 shares of the closed-end fund’s stock valued at $17,109,000 after acquiring an additional 2,330,028 shares during the last quarter. Quarry LP purchased a new stake in shares of Liberty All-Star Equity Fund in the fourth quarter valued at $6,705,000. Raymond James Financial Inc. raised its stake in shares of Liberty All-Star Equity Fund by 27.7% in the third quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock valued at $25,962,000 after acquiring an additional 889,061 shares during the period. Finally, Almitas Capital LLC bought a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter worth about $5,053,000. Institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Trading Up 0.6%

USA traded up $0.04 on Friday, hitting $5.68. The company had a trading volume of 1,743,005 shares, compared to its average volume of 1,694,324. Liberty All-Star Equity Fund has a 12-month low of $5.40 and a 12-month high of $6.69. The business’s fifty day simple moving average is $5.79 and its 200 day simple moving average is $5.87.

Liberty All-Star Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, July 16th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Thursday, July 16th. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.