Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Update

Liberty All-Star Growth Fund (NYSE:ASG) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 13,585 shares, a decline of 42.0% from the May 31st total of 23,426 shares. Based on an average daily volume of 335,376 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Liberty All-Star Growth Fund Trading Down 1.0%

Shares of ASG stock traded down $0.06 during trading hours on Friday, reaching $5.41. The company’s stock had a trading volume of 309,872 shares, compared to its average volume of 241,603. The firm’s 50 day simple moving average is $5.28 and its 200-day simple moving average is $5.20. Liberty All-Star Growth Fund has a fifty-two week low of $4.55 and a fifty-two week high of $5.69.

Liberty All-Star Growth Fund Cuts Dividend

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

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Several institutional investors have recently added to or reduced their stakes in ASG. Baird Financial Group Inc. purchased a new position in shares of Liberty All-Star Growth Fund during the first quarter valued at about $85,000. StoneX Group Inc. bought a new position in shares of Liberty All-Star Growth Fund in the 2nd quarter worth approximately $60,000. Ameriprise Financial Inc. raised its position in shares of Liberty All-Star Growth Fund by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 94,529 shares of the investment management company’s stock worth $517,000 after acquiring an additional 7,483 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of Liberty All-Star Growth Fund in the 2nd quarter valued at approximately $55,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Liberty All-Star Growth Fund by 70.2% in the 2nd quarter. Osaic Holdings Inc. now owns 94,934 shares of the investment management company’s stock valued at $519,000 after purchasing an additional 39,145 shares during the period. Institutional investors own 21.62% of the company’s stock.

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.