Short Interest in Liberty All-Star Equity Fund (NYSE:USA) Rises By 65.9%

Liberty All-Star Equity Fund (NYSE:USA) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 132,313 shares, an increase of 65.9% from the May 14th total of 79,741 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,036,140 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of institutional investors have recently modified their holdings of the company. Rivernorth Capital Management LLC grew its stake in shares of Liberty All-Star Equity Fund by 179.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock valued at $35,372,000 after buying an additional 3,613,785 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Liberty All-Star Equity Fund by 27.7% in the third quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock valued at $25,962,000 after buying an additional 889,061 shares in the last quarter. Absolute Investment Advisers LLC grew its stake in shares of Liberty All-Star Equity Fund by 632.3% in the fourth quarter. Absolute Investment Advisers LLC now owns 2,698,528 shares of the closed-end fund’s stock valued at $17,109,000 after buying an additional 2,330,028 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Liberty All-Star Equity Fund by 15.0% in the first quarter. Royal Bank of Canada now owns 2,271,108 shares of the closed-end fund’s stock valued at $12,604,000 after buying an additional 296,607 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Liberty All-Star Equity Fund by 3.2% in the second quarter. Ameriprise Financial Inc. now owns 1,742,069 shares of the closed-end fund’s stock valued at $11,865,000 after buying an additional 54,193 shares in the last quarter. 9.95% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Equity Fund Price Performance

USA stock traded down $0.01 during midday trading on Wednesday, hitting $5.82. 634,643 shares of the company’s stock were exchanged, compared to its average volume of 1,169,237. Liberty All-Star Equity Fund has a 1-year low of $5.40 and a 1-year high of $6.96. The business has a 50-day simple moving average of $5.78 and a two-hundred day simple moving average of $5.94.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, April 16th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.3%.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.