Liberty All-Star Growth Fund (NYSE:ASG) Sees Large Growth in Short Interest

Liberty All-Star Growth Fund (NYSE:ASG) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 88,741 shares, an increase of 24.5% from the January 15th total of 71,259 shares. Based on an average daily trading volume, of 313,171 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 313,171 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASG. Wealth Enhancement Advisory Services LLC lifted its position in shares of 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 valued at $197,000 after buying an additional 13,774 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Liberty All-Star Growth Fund in the 3rd quarter valued at about $713,000. City of London Investment Management Co. Ltd. raised its holdings in Liberty All-Star Growth Fund by 3.2% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 274,360 shares of the investment management company’s stock valued at $1,523,000 after acquiring an additional 8,610 shares during the period. 1607 Capital Partners LLC raised its holdings in Liberty All-Star Growth Fund by 27.8% in the 3rd quarter. 1607 Capital Partners LLC now owns 1,088,599 shares of the investment management company’s stock valued at $6,042,000 after acquiring an additional 236,509 shares during the period. Finally, PMG Family Office LLC acquired a new stake in Liberty All-Star Growth Fund during the third quarter worth approximately $1,269,000. 21.62% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Stock Up 0.9%

ASG stock traded up $0.05 during mid-day trading on Wednesday, reaching $5.22. 188,948 shares of the stock traded hands, compared to its average volume of 292,774. The business has a 50-day moving average of $5.31 and a two-hundred day moving average of $5.42. Liberty All-Star Growth Fund has a 52 week low of $4.01 and a 52 week high of $5.69.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, January 22nd will be paid a $0.12 dividend. 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.