Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Down 38.5% in March

Liberty All-Star Growth Fund (NYSE:ASG) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 64,257 shares, a decrease of 38.5% from the March 15th total of 104,440 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 272,761 shares, the short-interest ratio is presently 0.2 days.

Liberty All-Star Growth Fund Price Performance

Shares of NYSE:ASG opened at $5.05 on Monday. Liberty All-Star Growth Fund has a 1-year low of $4.41 and a 1-year high of $5.69. The company’s fifty day moving average is $5.01 and its two-hundred day moving average is $5.27.

Liberty All-Star Growth Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, April 16th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Thursday, April 16th.

Institutional Trading of Liberty All-Star Growth Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC raised its holdings in shares of Liberty All-Star Growth Fund by 17.7% during the fourth quarter. Shaker Financial Services LLC now owns 1,547,675 shares of the investment management company’s stock worth $8,354,000 after purchasing an additional 232,946 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of Liberty All-Star Growth Fund by 111.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 28,308 shares of the investment management company’s stock worth $151,000 after acquiring an additional 14,924 shares during the period. Dakota Wealth Management increased its holdings in shares of Liberty All-Star Growth Fund by 8.2% in the 4th quarter. Dakota Wealth Management now owns 79,859 shares of the investment management company’s stock worth $423,000 after acquiring an additional 6,025 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Liberty All-Star Growth Fund in the 3rd quarter worth about $2,531,000. Finally, PMG Family Office LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 3rd quarter worth about $1,269,000. 21.62% of the stock is owned by institutional investors and hedge funds.

About Liberty All-Star Growth Fund

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.