Short Interest in Liberty All-Star Equity Fund (NYSE:USA) Rises By 37.4%

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 150,500 shares, an increase of 37.4% from the March 15th total of 109,500 shares. Based on an average daily volume of 880,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company's shares are sold short.

Liberty All-Star Equity Fund Trading Up 1.7 %

Shares of USA traded up $0.11 during midday trading on Thursday, hitting $6.26. 318,167 shares of the stock were exchanged, compared to its average volume of 865,570. Liberty All-Star Equity Fund has a 52-week low of $5.64 and a 52-week high of $7.49. The stock has a fifty day simple moving average of $6.54 and a 200 day simple moving average of $6.94.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, April 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 9.59%. The ex-dividend date is Thursday, April 17th.

Institutional Trading of Liberty All-Star Equity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC grew its stake in shares of Liberty All-Star Equity Fund by 0.5% in the fourth quarter. Private Advisor Group LLC now owns 289,973 shares of the closed-end fund's stock worth $2,015,000 after acquiring an additional 1,530 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Liberty All-Star Equity Fund by 1.2% during the fourth quarter. D.A. Davidson & CO. now owns 162,495 shares of the closed-end fund's stock worth $1,129,000 after buying an additional 2,000 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Liberty All-Star Equity Fund by 15.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,507 shares of the closed-end fund's stock valued at $122,000 after acquiring an additional 2,393 shares in the last quarter. Eclectic Associates Inc. ADV lifted its stake in Liberty All-Star Equity Fund by 14.8% in the fourth quarter. Eclectic Associates Inc. ADV now owns 21,760 shares of the closed-end fund's stock worth $151,000 after acquiring an additional 2,805 shares during the last quarter. Finally, Mezzasalma Advisors LLC grew its holdings in Liberty All-Star Equity Fund by 4.8% during the 1st quarter. Mezzasalma Advisors LLC now owns 72,192 shares of the closed-end fund's stock worth $473,000 after acquiring an additional 3,303 shares in the last quarter. 9.95% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Equity Fund Company Profile

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.