Liberty All-Star Growth Fund (NYSE:ASG) Sees Significant Decline in Short Interest

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 107,372 shares, a decrease of 24.5% from the November 30th total of 142,300 shares. Based on an average trading volume of 228,270 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 228,270 shares, the short-interest ratio is currently 0.5 days.

Liberty All-Star Growth Fund Stock Up 0.1%

Shares of NYSE:ASG traded up $0.01 during midday trading on Tuesday, reaching $5.35. The company’s stock had a trading volume of 300,610 shares, compared to its average volume of 220,011. Liberty All-Star Growth Fund has a fifty-two week low of $4.01 and a fifty-two week high of $6.03. The firm has a 50 day moving average price of $5.38 and a two-hundred day moving average price of $5.45.

Liberty All-Star Growth Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of institutional investors have recently added to or reduced their stakes in ASG. 1607 Capital Partners LLC grew its holdings in shares of Liberty All-Star Growth Fund by 27.8% in the third quarter. 1607 Capital Partners LLC now owns 1,088,599 shares of the investment management company’s stock valued at $6,042,000 after acquiring an additional 236,509 shares in the last quarter. Cornerstone Advisors LLC grew its stake in Liberty All-Star Growth Fund by 7.3% in the 3rd quarter. Cornerstone Advisors LLC now owns 786,175 shares of the investment management company’s stock valued at $4,363,000 after purchasing an additional 53,444 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of Liberty All-Star Growth Fund during the 3rd quarter valued at $2,531,000. Wolverine Asset Management LLC increased its position in shares of Liberty All-Star Growth Fund by 28.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 286,395 shares of the investment management company’s stock valued at $1,567,000 after purchasing an additional 63,653 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its stake in shares of Liberty All-Star Growth Fund by 3.2% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 274,360 shares of the investment management company’s stock worth $1,523,000 after purchasing an additional 8,610 shares during the period. 21.62% of the stock is owned by institutional investors.

About Liberty All-Star Growth Fund

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.