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

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 88,741 shares, an increase of 24.5% from the January 15th total of 71,259 shares. Based on an average trading volume of 313,171 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 313,171 shares, the days-to-cover ratio is presently 0.3 days.

Liberty All-Star Growth Fund Stock Performance

Shares of NYSE:ASG traded up $0.01 on Monday, reaching $5.15. 373,012 shares of the company’s stock were exchanged, compared to its average volume of 284,223. Liberty All-Star Growth Fund has a twelve month low of $4.01 and a twelve month high of $5.69. The company has a fifty day moving average of $5.32 and a 200-day moving average of $5.42.

Liberty All-Star Growth Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Thursday, January 22nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, January 22nd. This represents a $0.48 annualized dividend and a yield of 9.3%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Landscape Capital Management L.L.C. bought a new stake in Liberty All-Star Growth Fund during the fourth quarter worth $155,000. Quarry LP acquired a new position in shares of Liberty All-Star Growth Fund during the 4th quarter worth $436,000. Advisors Asset Management Inc. lifted its position in shares of Liberty All-Star Growth Fund by 4.0% during the 4th quarter. Advisors Asset Management Inc. now owns 133,519 shares of the investment management company’s stock worth $708,000 after buying an additional 5,090 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Liberty All-Star Growth Fund during the 4th quarter worth $345,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in Liberty All-Star Growth Fund in the fourth quarter valued at about $149,000. Institutional investors own 21.62% of the company’s stock.

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.