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

Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 117,400 shares, a growth of 139.6% from the February 13th total of 49,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 313,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of large investors have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new stake in Liberty All-Star Growth Fund during the fourth quarter worth approximately $53,000. Waverly Advisors LLC acquired a new stake in Liberty All-Star Growth Fund during the 4th quarter worth approximately $92,000. Citadel Advisors LLC acquired a new position in Liberty All-Star Growth Fund in the 4th quarter valued at $132,000. Ameriprise Financial Inc. grew its holdings in Liberty All-Star Growth Fund by 22.0% in the 4th quarter. Ameriprise Financial Inc. now owns 61,043 shares of the investment management company's stock valued at $345,000 after buying an additional 11,012 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Liberty All-Star Growth Fund during the 4th quarter worth $139,000. Institutional investors own 21.62% of the company's stock.

Liberty All-Star Growth Fund Trading Up 0.9 %

Liberty All-Star Growth Fund stock traded up $0.05 during midday trading on Monday, reaching $4.96. 357,479 shares of the company's stock were exchanged, compared to its average volume of 255,567. The stock's 50-day simple moving average is $5.51 and its 200 day simple moving average is $5.62. Liberty All-Star Growth Fund has a 52 week low of $4.76 and a 52 week high of $6.08.

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Liberty All-Star Growth Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, January 24th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.69%. The ex-dividend date was Friday, January 24th.

Liberty All-Star Growth Fund Company Profile

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.