Short Interest in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Expands By 61.0%

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 189,000 shares, an increase of 61.0% from the February 28th total of 117,400 shares. Based on an average daily volume of 322,600 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of Liberty All-Star Growth Fund by 58.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,293 shares of the investment management company’s stock worth $126,000 after acquiring an additional 8,210 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Liberty All-Star Growth Fund by 83.8% in the fourth quarter. Jones Financial Companies Lllp now owns 28,508 shares of the investment management company’s stock worth $161,000 after buying an additional 12,997 shares during the last quarter. Calamos Advisors LLC lifted its stake in shares of Liberty All-Star Growth Fund by 23.8% in the fourth quarter. Calamos Advisors LLC now owns 90,922 shares of the investment management company’s stock worth $514,000 after buying an additional 17,485 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Liberty All-Star Growth Fund during the fourth quarter valued at approximately $139,000. Finally, GWN Securities Inc. purchased a new stake in shares of Liberty All-Star Growth Fund during the fourth quarter valued at approximately $100,000. Institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Trading Down 1.1 %

NYSE ASG traded down $0.06 on Monday, hitting $4.84. The company’s stock had a trading volume of 250,459 shares, compared to its average volume of 254,711. Liberty All-Star Growth Fund has a 52-week low of $4.76 and a 52-week high of $6.08. The company’s 50-day simple moving average is $5.36 and its 200 day simple moving average is $5.59.

Liberty All-Star Growth Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, January 24th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date of this dividend was Friday, January 24th.

Liberty All-Star Growth Fund Company Profile

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.