Short Interest in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Rises By 139.6%

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) 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 stock are sold short. Based on an average daily volume of 313,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Liberty All-Star Growth Fund

Institutional investors have recently made changes to their positions in the business. Elequin Capital LP purchased a new stake in shares of Liberty All-Star Growth Fund during the fourth quarter worth about $53,000. Two Sigma Securities LLC purchased a new stake in shares of Liberty All-Star Growth Fund during the fourth quarter worth about $66,000. Creative Planning grew its holdings in Liberty All-Star Growth Fund by 16.8% during the 3rd quarter. Creative Planning now owns 12,959 shares of the investment management company’s stock valued at $73,000 after buying an additional 1,861 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Liberty All-Star Growth Fund during the 4th quarter valued at approximately $73,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in 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 valued at $74,000 after buying an additional 2,591 shares in the last quarter. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Stock Performance

Shares of NYSE:ASG traded up $0.13 during trading on Friday, hitting $4.92. 297,174 shares of the company’s stock were exchanged, compared to its average volume of 254,637. Liberty All-Star Growth Fund has a 52-week low of $4.76 and a 52-week high of $6.08. The business’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $5.61.

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 given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.77%. The ex-dividend date was Friday, January 24th.

About Liberty All-Star Growth Fund

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.