Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Declines By 12.5%

Liberty All-Star Growth Fund (NYSE:ASG) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 70,828 shares, a decline of 12.5% from the February 12th total of 80,915 shares. Based on an average daily volume of 260,877 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 260,877 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Liberty All-Star Growth Fund

Several institutional investors have recently modified their holdings of ASG. IHT Wealth Management LLC bought a new stake in shares of Liberty All-Star Growth Fund during the second quarter valued at approximately $55,000. StoneX Group Inc. bought a new position in Liberty All-Star Growth Fund in the second quarter worth $60,000. Farther Finance Advisors LLC boosted its stake in Liberty All-Star Growth Fund by 245.3% during the fourth quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock worth $66,000 after buying an additional 8,835 shares in the last quarter. XTX Topco Ltd acquired a new stake in Liberty All-Star Growth Fund during the fourth quarter worth $72,000. Finally, AE Wealth Management LLC increased its holdings in Liberty All-Star Growth Fund by 17.9% in the 3rd quarter. AE Wealth Management LLC now owns 13,874 shares of the investment management company’s stock valued at $77,000 after buying an additional 2,103 shares during the period. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Trading Down 0.7%

NYSE ASG opened at $4.92 on Thursday. The firm has a 50-day simple moving average of $5.20 and a 200 day simple moving average of $5.36. Liberty All-Star Growth Fund has a twelve month low of $4.01 and a twelve month high of $5.69.

Liberty All-Star Growth Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, January 22nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, January 22nd. This represents a $0.48 annualized dividend and a yield of 9.8%.

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.