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

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 14,632 shares, a decrease of 49.8% from the July 30th total of 29,161 shares. Based on an average trading volume of 240,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Liberty All-Star Growth Fund Stock Down 0.4%

Shares of ASG traded down $0.02 during trading hours on Monday, hitting $5.22. 201,651 shares of the stock were exchanged, compared to its average volume of 271,558. Liberty All-Star Growth Fund has a 12-month low of $4.55 and a 12-month high of $5.69. The stock’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $5.19.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be paid a dividend of $0.12 per share. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $0.48 annualized dividend and a yield of 9.2%.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Large investors have recently modified their holdings of the business. 1607 Capital Partners LLC lifted its position in Liberty All-Star Growth Fund by 19.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,300,216 shares of the investment management company’s stock worth $6,891,000 after buying an additional 211,617 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Liberty All-Star Growth Fund by 126.2% in the 4th quarter. Wolverine Asset Management LLC now owns 585,920 shares of the investment management company’s stock worth $3,105,000 after acquiring an additional 326,868 shares during the last quarter. Almitas Capital LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 2nd quarter worth $2,552,000. Polar Asset Management Partners Inc. purchased a new position in shares of Liberty All-Star Growth Fund during the 3rd quarter worth $2,531,000. Finally, Calamos Advisors LLC raised its holdings in shares of Liberty All-Star Growth Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 228,704 shares of the investment management company’s stock worth $1,086,000 after acquiring an additional 27,225 shares during the period. Hedge funds and other institutional investors own 21.62% of the company’s stock.

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.