Short Interest in Liberty All-Star Equity Fund (NYSE:USA) Declines By 54.0%

Liberty All-Star Equity Fund (NYSE:USA) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 109,500 shares, a drop of 54.0% from the February 28th total of 238,200 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 776,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

Liberty All-Star Equity Fund Stock Performance

Liberty All-Star Equity Fund stock traded down $0.12 during trading hours on Friday, hitting $6.54. 775,091 shares of the stock traded hands, compared to its average volume of 700,147. The firm’s 50-day moving average price is $6.90 and its two-hundred day moving average price is $7.05. Liberty All-Star Equity Fund has a one year low of $6.27 and a one year high of $7.49.

Liberty All-Star Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, January 24th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.41%. The ex-dividend date of this dividend was Friday, January 24th.

Liberty All-Star Equity Fund Company Profile

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.