Short Interest in Liberty All-Star Growth Fund (NYSE:ASG) Declines By 59.3%

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 13,959 shares, a drop of 59.3% from the April 30th total of 34,260 shares. Based on an average trading volume of 316,353 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Calamos Advisors LLC boosted its holdings in Liberty All-Star Growth Fund by 72.8% in the fourth quarter. Calamos Advisors LLC now owns 201,479 shares of the investment management company’s stock worth $1,068,000 after acquiring an additional 84,884 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of Liberty All-Star Growth Fund during the fourth quarter valued at about $928,000. Shaker Financial Services LLC increased its holdings in shares of Liberty All-Star Growth Fund by 17.7% during the fourth quarter. Shaker Financial Services LLC now owns 1,547,675 shares of the investment management company’s stock valued at $8,354,000 after acquiring an additional 232,946 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Liberty All-Star Growth Fund by 111.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 28,308 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 14,924 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Liberty All-Star Growth Fund by 8.2% in the 4th quarter. Dakota Wealth Management now owns 79,859 shares of the investment management company’s stock worth $423,000 after purchasing an additional 6,025 shares in the last quarter. Institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Trading Up 0.1%

Shares of NYSE ASG traded up $0.01 during mid-day trading on Friday, reaching $5.35. 218,706 shares of the company were exchanged, compared to its average volume of 263,419. Liberty All-Star Growth Fund has a 1 year low of $4.55 and a 1 year high of $5.69. The firm has a 50-day moving average of $5.08 and a 200 day moving average of $5.19.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, April 16th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, April 16th.

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.