Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Up 108.6% in June

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 28,340 shares, a growth of 108.6% from the June 15th total of 13,585 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 192,799 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Liberty All-Star Growth Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baird Financial Group Inc. acquired a new position in shares of Liberty All-Star Growth Fund in the 1st quarter worth approximately $85,000. StoneX Group Inc. acquired a new stake in shares of Liberty All-Star Growth Fund during the second quarter worth $60,000. Ameriprise Financial Inc. increased its position in shares of Liberty All-Star Growth Fund by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 94,529 shares of the investment management company’s stock worth $517,000 after buying an additional 7,483 shares during the period. IHT Wealth Management LLC bought a new position in Liberty All-Star Growth Fund during the second quarter worth $55,000. Finally, Osaic Holdings Inc. raised its stake in Liberty All-Star Growth Fund by 70.2% during the second quarter. Osaic Holdings Inc. now owns 94,934 shares of the investment management company’s stock worth $519,000 after buying an additional 39,145 shares during the last quarter. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Trading Down 0.8%

Shares of NYSE ASG traded down $0.04 during trading on Wednesday, reaching $5.38. The company had a trading volume of 339,925 shares, compared to its average volume of 277,276. The company’s fifty day moving average price is $5.32 and its 200-day moving average price is $5.21. Liberty All-Star Growth Fund has a 12 month low of $4.55 and a 12 month high of $5.69.

Liberty All-Star Growth Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be paid a $0.12 dividend. This is an increase from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, July 16th.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund (NYSE: ASG) is a closed-end, diversified management investment company that seeks long-term capital appreciation through exposure to growth-oriented equities. The fund primarily invests in a portfolio of underlying mutual funds and exchange-traded funds managed by established sub-advisers, employing a multi-manager structure designed to capture opportunities across a range of market capitalizations and industry sectors.

Under normal market conditions, ASG allocates the majority of its assets to common stocks of companies it believes exhibit above-average growth potential.