Short Interest in Liberty All-Star Equity Fund (NYSE:USA) Decreases By 19.0%

Liberty All-Star Equity Fund (NYSE:USA) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 269,700 shares, a drop of 19.0% from the January 31st total of 333,100 shares. Based on an average daily volume of 653,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Liberty All-Star Equity Fund

Several large investors have recently modified their holdings of the stock. Ameriflex Group Inc. bought a new stake in Liberty All-Star Equity Fund during the fourth quarter worth about $86,000. EP Wealth Advisors LLC acquired a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at approximately $155,000. Cetera Investment Advisers lifted its holdings in shares of Liberty All-Star Equity Fund by 6.2% during the 4th quarter. Cetera Investment Advisers now owns 335,793 shares of the closed-end fund’s stock worth $2,334,000 after acquiring an additional 19,752 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Liberty All-Star Equity Fund during the 4th quarter worth approximately $175,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Liberty All-Star Equity Fund by 5.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,573,832 shares of the closed-end fund’s stock worth $10,938,000 after acquiring an additional 87,560 shares in the last quarter. 9.95% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Equity Fund Trading Down 1.2 %

Shares of USA stock traded down $0.09 during trading on Tuesday, hitting $6.75. The company had a trading volume of 947,613 shares, compared to its average volume of 706,025. Liberty All-Star Equity Fund has a one year low of $6.27 and a one year high of $7.49. The stock’s 50-day moving average price is $7.05 and its 200 day moving average price is $7.09.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 24th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.08%.

About Liberty All-Star Equity Fund

Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.