Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Up 67.8% in May

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 23,426 shares, an increase of 67.8% from the May 14th total of 13,959 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 222,570 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

A number of large investors have recently made changes to their positions in ASG. Baird Financial Group Inc. acquired a new stake in shares of Liberty All-Star Growth Fund in the 1st quarter worth $85,000. StoneX Group Inc. purchased a new stake in Liberty All-Star Growth Fund in the second quarter valued at about $60,000. Ameriprise Financial Inc. raised its stake in Liberty All-Star Growth Fund by 8.6% in the second quarter. Ameriprise Financial Inc. now owns 94,529 shares of the investment management company’s stock valued at $517,000 after buying an additional 7,483 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Liberty All-Star Growth Fund in the second quarter worth about $55,000. Finally, Osaic Holdings Inc. boosted its holdings in Liberty All-Star Growth Fund by 70.2% in the second quarter. Osaic Holdings Inc. now owns 94,934 shares of the investment management company’s stock worth $519,000 after acquiring an additional 39,145 shares in the last quarter. 21.62% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Stock Up 2.2%

Shares of Liberty All-Star Growth Fund stock traded up $0.12 on Monday, reaching $5.42. The stock had a trading volume of 237,824 shares, compared to its average volume of 291,359. The company has a 50 day moving average price of $5.20 and a 200 day moving average price of $5.20. Liberty All-Star Growth Fund has a 1 year low of $4.55 and a 1 year high of $5.69.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, April 16th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Thursday, April 16th.

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.