Liberty All-Star Equity Fund (NYSE:USA) Sees Significant Decline in Short Interest

Liberty All-Star Equity Fund (NYSE:USA) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 52,318 shares, a decrease of 58.4% from the August 15th total of 125,724 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,020,467 shares, the short-interest ratio is currently 0.1 days.

Liberty All-Star Equity Fund Trading Down 0.3%

Shares of Liberty All-Star Equity Fund stock traded down $0.01 on Monday, reaching $5.87. 1,097,395 shares of the stock were exchanged, compared to its average volume of 1,259,446. Liberty All-Star Equity Fund has a twelve month low of $5.40 and a twelve month high of $6.56. The business has a 50 day moving average price of $5.92 and a two-hundred day moving average price of $5.82.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 11.6%. The ex-dividend date was Thursday, July 16th. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

Institutional Trading of Liberty All-Star Equity Fund

Large investors have recently made changes to their positions in the business. RFG Advisory LLC boosted its holdings in Liberty All-Star Equity Fund by 19.5% in the second quarter. RFG Advisory LLC now owns 20,193 shares of the closed-end fund’s stock valued at $117,000 after purchasing an additional 3,292 shares during the last quarter. Readystate Asset Management LP purchased a new position in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at about $316,000. Wedbush Securities Inc. lifted its holdings in shares of Liberty All-Star Equity Fund by 11.0% in the 2nd quarter. Wedbush Securities Inc. now owns 167,727 shares of the closed-end fund’s stock valued at $974,000 after buying an additional 16,618 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Liberty All-Star Equity Fund in the second quarter worth about $109,000. Finally, Investmark Advisory Group LLC acquired a new stake in Liberty All-Star Equity Fund during the second quarter worth about $62,000. 9.95% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a diversified closed-end investment company that seeks long-term capital growth and income by investing primarily in the common stocks of U.S. companies. The fund provides investors with a professionally managed portfolio of equity securities across multiple industries and sectors.

The fund uses a multi-manager investment structure, allocating assets among independent investment management firms with different styles and approaches. This structure is designed to combine growth-oriented and value-oriented strategies while providing exposure to companies of varying sizes and business characteristics.