Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Sees Significant Increase in Short Interest

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 189,000 shares, a growth of 61.0% from the February 28th total of 117,400 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 322,600 shares, the short-interest ratio is presently 0.6 days.

Liberty All-Star Growth Fund Trading Down 1.1 %

NYSE ASG traded down $0.06 during trading hours on Monday, reaching $4.84. 250,459 shares of the stock traded hands, compared to its average volume of 254,711. The stock has a 50 day simple moving average of $5.36 and a two-hundred day simple moving average of $5.59. Liberty All-Star Growth Fund has a 1 year low of $4.76 and a 1 year high of $6.08.

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 issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.93%. The ex-dividend date was Friday, January 24th.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Large investors have recently added to or reduced their stakes in the business. Elequin Capital LP purchased a new position in shares of Liberty All-Star Growth Fund in the fourth quarter worth about $53,000. Two Sigma Securities LLC purchased a new position in Liberty All-Star Growth Fund in the 4th quarter worth approximately $66,000. Silver Oak Securities Incorporated purchased a new stake in shares of Liberty All-Star Growth Fund during the fourth quarter valued at approximately $73,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Liberty All-Star Growth Fund by 24.5% in the fourth 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. Finally, Waverly Advisors LLC purchased a new position in shares of Liberty All-Star Growth Fund in the fourth quarter worth $92,000. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Company Profile

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.