Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Get Free Report) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 49,000 shares, an increase of 31.7% from the January 31st total of 37,200 shares. Based on an average daily volume of 280,700 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Liberty All-Star Growth Fund
Hedge funds have recently added to or reduced their stakes in the company. Creative Planning increased its holdings in Liberty All-Star Growth Fund by 16.8% in the 3rd quarter. Creative Planning now owns 12,959 shares of the investment management company's stock worth $73,000 after acquiring an additional 1,861 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Liberty All-Star Growth Fund by 24.5% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,149 shares of the investment management company's stock worth $74,000 after purchasing an additional 2,591 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Liberty All-Star Growth Fund by 68.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,422 shares of the investment management company's stock valued at $98,000 after buying an additional 7,100 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Liberty All-Star Growth Fund by 58.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,293 shares of the investment management company's stock worth $126,000 after buying an additional 8,210 shares during the last quarter. Finally, Elequin Capital LP purchased a new stake in Liberty All-Star Growth Fund during the 4th quarter worth approximately $53,000. 21.62% of the stock is owned by hedge funds and other institutional investors.
Liberty All-Star Growth Fund Price Performance
ASG traded up $0.03 during midday trading on Friday, hitting $5.00. 502,542 shares of the company were exchanged, compared to its average volume of 250,581. The company's 50 day simple moving average is $5.59 and its 200 day simple moving average is $5.63. Liberty All-Star Growth Fund has a 1-year low of $4.88 and a 1-year high of $6.08.
Liberty All-Star Growth Fund Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date is Friday, January 24th.
About Liberty All-Star Growth Fund
(
Get Free Report)
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.
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