Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 109,500 shares, a decrease of 54.0% from the February 28th total of 238,200 shares. Based on an average trading volume of 776,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Liberty All-Star Equity Fund by 3.2% in the 4th quarter. LPL Financial LLC now owns 3,648,171 shares of the closed-end fund's stock worth $25,355,000 after acquiring an additional 111,589 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Liberty All-Star Equity Fund in the 4th quarter worth about $17,316,000. Ameriprise Financial Inc. raised its holdings in Liberty All-Star Equity Fund by 5.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,573,832 shares of the closed-end fund's stock worth $10,938,000 after buying an additional 87,560 shares during the period. Janney Montgomery Scott LLC lifted its stake in Liberty All-Star Equity Fund by 10.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,013,472 shares of the closed-end fund's stock valued at $7,044,000 after buying an additional 95,424 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 14.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 438,121 shares of the closed-end fund's stock worth $3,045,000 after buying an additional 53,651 shares during the period. Institutional investors own 9.95% of the company's stock.
Liberty All-Star Equity Fund Stock Performance
Shares of USA traded up $0.05 during mid-day trading on Tuesday, hitting $6.60. The company's stock had a trading volume of 369,125 shares, compared to its average volume of 779,481. The firm has a 50-day moving average price of $6.89 and a 200 day moving average price of $7.05. Liberty All-Star Equity Fund has a fifty-two week low of $6.27 and a fifty-two week high of $7.49.
Liberty All-Star Equity Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, January 24th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.68 annualized dividend and a yield of 10.31%.
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.
Further Reading
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