Liberty All-Star Growth Fund (NYSE:ASG) Stock Short Interest Falls 53.8%

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 17,997 shares, a drop of 53.8% from the August 31st total of 38,996 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 282,414 shares, the short-interest ratio is presently 0.1 days.

Liberty All-Star Growth Fund Stock Performance

NYSE ASG traded down $0.01 on Wednesday, reaching $5.05. The stock had a trading volume of 217,894 shares, compared to its average volume of 270,080. The firm has a fifty day moving average of $5.18 and a two-hundred day 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 business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, July 16th were given a dividend of $0.12 per share. This is an increase from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend was Thursday, July 16th.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Readystate Asset Management LP acquired a new position in Liberty All-Star Growth Fund in the second quarter valued at about $289,000. NWF Advisory Services Inc. acquired a new stake in Liberty All-Star Growth Fund during the second quarter worth about $55,000. Wedbush Securities Inc. increased its holdings in Liberty All-Star Growth Fund by 3.3% in the 2nd quarter. Wedbush Securities Inc. now owns 74,592 shares of the investment management company’s stock valued at $408,000 after buying an additional 2,377 shares during the period. Almitas Capital LLC bought a new position in Liberty All-Star Growth Fund in the 2nd quarter valued at about $2,552,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Liberty All-Star Growth Fund in the 2nd quarter valued at approximately $660,000. 21.62% of the stock is owned by institutional investors and hedge funds.

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.