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

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 189,000 shares, an increase of 61.0% from the February 28th total of 117,400 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 322,600 shares, the short-interest ratio is presently 0.6 days.

Liberty All-Star Growth Fund Stock Performance

Shares of Liberty All-Star Growth Fund stock traded down $0.10 on Friday, hitting $4.89. 346,565 shares of the company traded hands, compared to its average volume of 254,713. Liberty All-Star Growth Fund has a 12-month low of $4.76 and a 12-month high of $6.08. The firm’s 50-day simple moving average is $5.36 and its 200 day simple moving average is $5.59.

Liberty All-Star Growth Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, January 24th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.48 dividend on an annualized basis and a yield of 9.83%.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Several hedge funds have recently added to or reduced their stakes in ASG. Elequin Capital LP purchased a new position in shares of Liberty All-Star Growth Fund during the 4th quarter valued at about $53,000. Two Sigma Securities LLC bought a new stake in shares of Liberty All-Star Growth Fund in the 4th quarter worth approximately $66,000. Silver Oak Securities Incorporated purchased a new stake in shares of Liberty All-Star Growth Fund in the 4th quarter valued at $73,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Liberty All-Star Growth Fund by 24.5% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,149 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 2,591 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in Liberty All-Star Growth Fund in the 4th quarter worth $92,000. Institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.