Short Interest in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Grows By 31.7%

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 49,000 shares, an increase of 31.7% from the January 31st total of 37,200 shares. Based on an average daily volume of 280,700 shares, the days-to-cover ratio is currently 0.2 days.

Liberty All-Star Growth Fund Stock Down 0.9 %

ASG stock traded down $0.05 on Tuesday, hitting $5.08. The company’s stock had a trading volume of 479,952 shares, compared to its average volume of 252,191. The firm has a 50 day moving average of $5.63 and a two-hundred day moving average of $5.64. Liberty All-Star Growth Fund has a 1 year low of $4.97 and a 1 year high of $6.08.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 24th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.48 annualized dividend and a yield of 9.46%.

Institutional Trading of Liberty All-Star Growth Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Elequin Capital LP purchased a new stake in Liberty All-Star Growth Fund in the 4th quarter valued at $53,000. Two Sigma Securities LLC purchased a new stake in Liberty All-Star Growth Fund in the 4th quarter valued at $66,000. Creative Planning raised its position in Liberty All-Star Growth Fund by 16.8% in the 3rd quarter. Creative Planning now owns 12,959 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 1,861 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in Liberty All-Star Growth Fund in the 4th quarter valued at $73,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Liberty All-Star Growth Fund by 24.5% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,149 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 2,591 shares during the last quarter. Hedge funds and other institutional investors own 21.62% of the company’s stock.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.