Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Up 47.5% in March

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 104,440 shares, a growth of 47.5% from the February 26th total of 70,828 shares. Based on an average daily volume of 319,337 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Liberty All-Star Growth Fund Price Performance

NYSE ASG traded down $0.12 during trading on Friday, reaching $4.63. 371,408 shares of the company’s stock were exchanged, compared to its average volume of 296,945. The business has a 50 day moving average price of $5.10 and a 200-day moving average price of $5.32. Liberty All-Star Growth Fund has a fifty-two week low of $4.01 and a fifty-two week high of $5.69.

Liberty All-Star Growth Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, January 22nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, January 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.4%.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. bought a new position in Liberty All-Star Growth Fund during the fourth quarter worth $318,000. XTX Topco Ltd acquired a new position in shares of Liberty All-Star Growth Fund in the fourth quarter valued at $72,000. Boothbay Fund Management LLC bought a new position in shares of Liberty All-Star Growth Fund in the fourth quarter valued at about $341,000. 1607 Capital Partners LLC raised its position in shares of Liberty All-Star Growth Fund by 19.4% in the fourth quarter. 1607 Capital Partners LLC now owns 1,300,216 shares of the investment management company’s stock valued at $6,891,000 after purchasing an additional 211,617 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Liberty All-Star Growth Fund by 77.5% during the 4th quarter. Guggenheim Capital LLC now owns 96,870 shares of the investment management company’s stock worth $513,000 after buying an additional 42,283 shares during the last quarter. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Company Profile

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.