Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Down 29.9% in January

Liberty All-Star Growth Fund (NYSE:ASG) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 71,259 shares, a drop of 29.9% from the December 31st total of 101,653 shares. Based on an average daily trading volume, of 260,844 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 260,844 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Liberty All-Star Growth Fund

Large investors have recently modified their holdings of the stock. Cornerstone Advisors LLC increased its position in Liberty All-Star Growth Fund by 7.3% in the 3rd quarter. Cornerstone Advisors LLC now owns 786,175 shares of the investment management company’s stock valued at $4,363,000 after acquiring an additional 53,444 shares during the period. Advisors Asset Management Inc. acquired a new position in Liberty All-Star Growth Fund in the third quarter valued at $713,000. AE Wealth Management LLC raised its stake in shares of Liberty All-Star Growth Fund by 17.9% during the third quarter. AE Wealth Management LLC now owns 13,874 shares of the investment management company’s stock valued at $77,000 after purchasing an additional 2,103 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Liberty All-Star Growth Fund by 62.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 35,691 shares of the investment management company’s stock worth $197,000 after purchasing an additional 13,774 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in Liberty All-Star Growth Fund by 71.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 63,104 shares of the investment management company’s stock worth $350,000 after buying an additional 26,349 shares during the period. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Stock Down 0.9%

Shares of ASG stock opened at $5.23 on Friday. The business’s fifty day moving average is $5.35 and its 200 day moving average is $5.45. Liberty All-Star Growth Fund has a twelve month low of $4.01 and a twelve month high of $5.81.

Liberty All-Star Growth Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, January 22nd will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, January 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.2%.

About Liberty All-Star Growth Fund

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.