Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Sees Significant Decline in Short Interest

Liberty All-Star Growth Fund, Inc. (NYSE:ASGGet Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 130,200 shares, a decrease of 34.4% from the March 31st total of 198,600 shares. Based on an average daily trading volume, of 314,700 shares, the days-to-cover ratio is currently 0.4 days.

Shares of NYSE:ASG opened at $6.50 on Friday. Liberty All-Star Growth Fund has a 52-week low of $6.21 and a 52-week high of $10.20. The business’s 50 day moving average is $7.06 and its 200 day moving average is $8.01.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 6th. Investors of record on Friday, April 22nd will be paid a $0.14 dividend. The ex-dividend date is Thursday, April 21st. This represents a $0.56 annualized dividend and a yield of 8.62%.

Large investors have recently made changes to their positions in the stock. West Bancorporation Inc. bought a new position in Liberty All-Star Growth Fund in the fourth quarter worth approximately $34,000. CWM LLC bought a new stake in Liberty All-Star Growth Fund during the 4th quarter valued at $42,000. AE Wealth Management LLC bought a new stake in Liberty All-Star Growth Fund during the 4th quarter valued at $90,000. NEXT Financial Group Inc bought a new stake in Liberty All-Star Growth Fund during the 4th quarter valued at $106,000. Finally, National Asset Management Inc. bought a new stake in Liberty All-Star Growth Fund during the 3rd quarter valued at $139,000. 33.64% of the stock is currently owned by institutional investors.

About Liberty All-Star Growth Fund (Get Rating)

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

Further Reading

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