Liberty All-Star Equity Fund (NYSE:USA) Sees Large Decrease in Short Interest

Liberty All-Star Equity Fund (NYSE:USA) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 109,500 shares, a drop 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. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in Liberty All-Star Equity Fund by 248.1% during the 3rd quarter. Larson Financial Group LLC now owns 14,970 shares of the closed-end fund’s stock worth $106,000 after buying an additional 10,670 shares during the last quarter. D.A. Davidson & CO. grew its stake in Liberty All-Star Equity Fund by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 160,495 shares of the closed-end fund’s stock valued at $1,140,000 after purchasing an additional 1,565 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Liberty All-Star Equity Fund in the third quarter valued at about $300,000. Stifel Financial Corp raised its stake in shares of Liberty All-Star Equity Fund by 23.8% in the third quarter. Stifel Financial Corp now owns 118,413 shares of the closed-end fund’s stock worth $841,000 after purchasing an additional 22,727 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Liberty All-Star Equity Fund during the 3rd quarter valued at about $176,000. 9.95% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Equity Fund Trading Down 1.7 %

Shares of USA traded down $0.12 during trading hours on Friday, hitting $6.54. The company had a trading volume of 775,091 shares, compared to its average volume of 700,147. Liberty All-Star Equity Fund has a one year low of $6.27 and a one year high of $7.49. The company’s fifty day moving average price is $6.90 and its two-hundred day moving average price is $7.05.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, January 24th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 10.41%. The ex-dividend date of this dividend was Friday, January 24th.

About Liberty All-Star Equity Fund

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.