Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 189,000 shares, an increase of 61.0% from the February 28th total of 117,400 shares. Based on an average daily volume of 322,600 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.
Hedge Funds Weigh In On Liberty All-Star Growth Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in shares of Liberty All-Star Growth Fund by 58.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,293 shares of the investment management company's stock worth $126,000 after purchasing an additional 8,210 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Liberty All-Star Growth Fund by 83.8% during the 4th quarter. Jones Financial Companies Lllp now owns 28,508 shares of the investment management company's stock worth $161,000 after buying an additional 12,997 shares during the period. Calamos Advisors LLC grew its holdings in Liberty All-Star Growth Fund by 23.8% during the 4th quarter. Calamos Advisors LLC now owns 90,922 shares of the investment management company's stock worth $514,000 after acquiring an additional 17,485 shares during the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in Liberty All-Star Growth Fund in the 4th quarter valued at approximately $139,000. Finally, GWN Securities Inc. bought a new position in shares of Liberty All-Star Growth Fund during the fourth quarter valued at $100,000. Institutional investors and hedge funds own 21.62% of the company's stock.
Liberty All-Star Growth Fund Stock Performance
Liberty All-Star Growth Fund stock traded up $0.04 during mid-day trading on Wednesday, reaching $4.98. The company had a trading volume of 168,517 shares, compared to its average volume of 322,742. The business has a fifty day simple moving average of $5.32 and a 200 day simple moving average of $5.58. Liberty All-Star Growth Fund has a fifty-two week low of $4.76 and a fifty-two week high of $6.08.
Liberty All-Star Growth Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, January 24th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.48 dividend on an annualized basis and a yield of 9.64%.
Liberty All-Star Growth Fund Company Profile
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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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