Liberty All-Star Equity Fund (NYSE:USA) Short Interest Up 65.9% in May

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 132,313 shares, a growth of 65.9% from the May 14th total of 79,741 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,036,140 shares, the days-to-cover ratio is currently 0.1 days.

Liberty All-Star Equity Fund Price Performance

USA stock traded up $0.12 during mid-day trading on Monday, reaching $5.86. 1,689,457 shares of the stock traded hands, compared to its average volume of 1,172,847. Liberty All-Star Equity Fund has a 52-week low of $5.40 and a 52-week high of $6.96. The stock’s fifty day moving average is $5.77 and its 200-day moving average is $5.95.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, April 16th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Thursday, April 16th.

Institutional Trading of Liberty All-Star Equity Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rivernorth Capital Management LLC raised its position in Liberty All-Star Equity Fund by 179.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock valued at $35,372,000 after buying an additional 3,613,785 shares during the period. Raymond James Financial Inc. boosted its position in Liberty All-Star Equity Fund by 27.7% during the 3rd quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock worth $25,962,000 after acquiring an additional 889,061 shares during the period. Absolute Investment Advisers LLC grew its stake in Liberty All-Star Equity Fund by 632.3% during the 4th quarter. Absolute Investment Advisers LLC now owns 2,698,528 shares of the closed-end fund’s stock valued at $17,109,000 after acquiring an additional 2,330,028 shares in the last quarter. Royal Bank of Canada grew its stake in Liberty All-Star Equity Fund by 15.0% during the 1st quarter. Royal Bank of Canada now owns 2,271,108 shares of the closed-end fund’s stock valued at $12,604,000 after acquiring an additional 296,607 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Liberty All-Star Equity Fund by 3.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,742,069 shares of the closed-end fund’s stock valued at $11,865,000 after purchasing an additional 54,193 shares during the period. Institutional investors and hedge funds own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.