Short Interest in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Drops By 19.4%

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 152,400 shares, a drop of 19.4% from the March 15th total of 189,000 shares. Based on an average trading volume of 344,100 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

Liberty All-Star Growth Fund Price Performance

Shares of Liberty All-Star Growth Fund stock traded down $0.07 on Friday, hitting $4.60. The stock had a trading volume of 153,799 shares, compared to its average volume of 264,441. Liberty All-Star Growth Fund has a twelve month low of $4.01 and a twelve month high of $6.08. The business’s 50 day moving average is $5.00 and its two-hundred day moving average is $5.49.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, April 17th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date is Thursday, April 17th.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. 1607 Capital Partners LLC lifted its position in shares of Liberty All-Star Growth Fund by 81.0% during the 4th quarter. 1607 Capital Partners LLC now owns 732,060 shares of the investment management company’s stock valued at $4,136,000 after acquiring an additional 327,567 shares during the period. World Investment Advisors LLC bought a new position in Liberty All-Star Growth Fund in the 3rd quarter valued at about $447,000. Raymond James Financial Inc. bought a new stake in shares of Liberty All-Star Growth Fund during the 4th quarter worth approximately $358,000. World Investment Advisors increased its stake in Liberty All-Star Growth Fund by 65.6% in the fourth quarter. World Investment Advisors now owns 131,855 shares of the investment management company’s stock valued at $745,000 after acquiring an additional 52,250 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Liberty All-Star Growth Fund by 9.0% during the 4th quarter. Wells Fargo & Company MN now owns 498,090 shares of the investment management company’s stock worth $2,814,000 after acquiring an additional 40,973 shares during the last quarter. Institutional investors and hedge funds 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.