Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 229,500 shares, a growth of 80.0% from the December 15th total of 127,500 shares. Based on an average trading volume of 630,700 shares, the days-to-cover ratio is presently 0.4 days.
Liberty All-Star Equity Fund Price Performance
USA stock traded up $0.13 during trading on Wednesday, reaching $7.09. 906,618 shares of the stock traded hands, compared to its average volume of 859,924. The business's 50 day moving average price is $7.16 and its 200-day moving average price is $7.02. Liberty All-Star Equity Fund has a 52-week low of $6.27 and a 52-week high of $7.49.
Liberty All-Star Equity Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 24th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 9.59%. The ex-dividend date of this dividend is Friday, January 24th.
Institutional Trading of Liberty All-Star Equity Fund
A number of institutional investors and hedge funds have recently bought and sold shares of USA. Raymond James & Associates lifted its position in Liberty All-Star Equity Fund by 167.3% during the third quarter. Raymond James & Associates now owns 1,683,699 shares of the closed-end fund's stock valued at $11,954,000 after buying an additional 1,053,725 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Liberty All-Star Equity Fund by 628.6% in the 3rd quarter. International Assets Investment Management LLC now owns 147,987 shares of the closed-end fund's stock valued at $1,051,000 after acquiring an additional 127,677 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at $582,000. PNC Financial Services Group Inc. boosted its position in Liberty All-Star Equity Fund by 21.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 453,339 shares of the closed-end fund's stock worth $3,219,000 after purchasing an additional 79,288 shares during the period. Finally, Silver Lake Advisory LLC acquired a new stake in Liberty All-Star Equity Fund in the 2nd quarter valued at $476,000. Institutional investors and hedge funds own 9.95% of the company's stock.
About Liberty All-Star Equity Fund
(
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Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.
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