Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Down 59.3% in May

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 13,959 shares, a decrease of 59.3% from the April 30th total of 34,260 shares. Based on an average trading volume of 316,353 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Several large investors have recently added to or reduced their stakes in ASG. Baird Financial Group Inc. purchased a new position in Liberty All-Star Growth Fund during the first quarter worth about $85,000. StoneX Group Inc. purchased a new position in Liberty All-Star Growth Fund during the second quarter worth about $60,000. Ameriprise Financial Inc. lifted its position in 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 purchased a new position in Liberty All-Star Growth Fund during the second quarter worth about $55,000. Finally, Osaic Holdings Inc. lifted its position 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 period. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Stock Up 0.5%

Shares of NYSE:ASG traded up $0.03 on Monday, hitting $5.36. The company had a trading volume of 242,528 shares, compared to its average volume of 263,419. Liberty All-Star Growth Fund has a 52-week low of $4.55 and a 52-week high of $5.69. The business has a 50 day moving average of $5.09 and a 200 day moving average of $5.19.

Liberty All-Star Growth Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, April 16th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, April 16th. This represents a $0.44 annualized dividend and a yield of 8.2%.

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.