Liberty All-Star Equity Fund (NYSE:USA) Short Interest Update

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 36,220 shares, a decrease of 85.6% from the June 30th total of 251,149 shares. Based on an average daily trading volume, of 1,817,603 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in shares of Liberty All-Star Equity Fund by 5.8% during the first quarter. NewEdge Advisors LLC now owns 143,782 shares of the closed-end fund’s stock valued at $942,000 after acquiring an additional 7,907 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Liberty All-Star Equity Fund in the 1st quarter worth $98,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Liberty All-Star Equity Fund in the 2nd quarter worth $88,000. Invesco Ltd. grew its position in shares of Liberty All-Star Equity Fund by 6.7% during the 2nd quarter. Invesco Ltd. now owns 453,344 shares of the closed-end fund’s stock worth $3,087,000 after buying an additional 28,583 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Liberty All-Star Equity Fund by 20.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,000 shares of the closed-end fund’s stock worth $82,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Stock Performance

Liberty All-Star Equity Fund stock traded up $0.04 during mid-day trading on Monday, hitting $5.72. The company’s stock had a trading volume of 625,989 shares, compared to its average volume of 1,268,422. The company has a 50 day moving average of $5.79 and a 200-day moving average of $5.86. Liberty All-Star Equity Fund has a one year low of $5.40 and a one year high of $6.68.

Liberty All-Star Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, July 16th will be paid a dividend of $0.17 per share. This is an increase 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 11.9%. The ex-dividend date of this dividend is Thursday, July 16th.

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.