Short Interest in Liberty All-Star Equity Fund (NYSE:USA) Expands By 76.5%

Liberty All-Star Equity Fund (NYSE:USA) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 251,149 shares, a growth of 76.5% from the June 15th total of 142,318 shares. Based on an average trading volume of 1,659,295 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Liberty All-Star Equity Fund Stock Down 0.8%

USA stock traded down $0.05 during trading on Friday, reaching $5.75. The stock had a trading volume of 2,081,898 shares, compared to its average volume of 1,613,854. Liberty All-Star Equity Fund has a 52 week low of $5.40 and a 52 week high of $6.69. The stock’s 50 day moving average is $5.80 and its two-hundred day moving average is $5.89.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.8%.

Institutional Trading of Liberty All-Star Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in shares of Liberty All-Star Equity Fund during the 4th quarter worth $37,000. Fifth Third Bancorp purchased a new position in Liberty All-Star Equity Fund during the first quarter valued at $44,000. Three Magnolias Financial Advisors LLC bought a new stake in Liberty All-Star Equity Fund during the fourth quarter valued at about $63,000. Fifth Third Wealth Advisors LLC bought a new stake in Liberty All-Star Equity Fund during the fourth quarter valued at about $65,000. Finally, Canal Capital Management LLC bought a new stake in Liberty All-Star Equity Fund during the first quarter valued at about $60,000. 9.95% of the stock is owned by hedge funds and other institutional investors.

About Liberty All-Star Equity Fund

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.