Liberty All-Star Growth Fund (NYSE:ASG) Short Interest Down 49.8% in August

by · The Cerbat Gem

Liberty All-Star Growth Fund (NYSE:ASG – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 14,632 shares, a decrease of 49.8% from the July 30th total of 29,161 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 240,600 shares, the short-interest ratio is presently 0.1 days.

Liberty All-Star Growth Fund Price Performance

NYSE:ASG traded down $0.02 on Friday, reaching $5.24. The company’s stock had a trading volume of 243,785 shares, compared to its average volume of 212,717. Liberty All-Star Growth Fund has a 12-month low of $4.55 and a 12-month high of $5.69. The stock has a 50 day moving average price of $5.31 and a 200 day moving average price of $5.19.

Liberty All-Star Growth Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 9.2%. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, July 16th.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of institutional investors have recently made changes to their positions in ASG. Baird Financial Group Inc. acquired a new position in shares of Liberty All-Star Growth Fund in the 1st quarter worth approximately $85,000. StoneX Group Inc. acquired a new stake in Liberty All-Star Growth Fund in the 2nd quarter valued at approximately $60,000. Ameriprise Financial Inc. raised its position in Liberty All-Star Growth Fund by 8.6% in the second quarter. Ameriprise Financial Inc. now owns 94,529 shares of the investment management company’s stock valued at $517,000 after purchasing an additional 7,483 shares during the period. IHT Wealth Management LLC purchased a new stake in Liberty All-Star Growth Fund in the second quarter valued at approximately $55,000. Finally, Osaic Holdings Inc. lifted its stake in Liberty All-Star Growth Fund by 70.2% during the second quarter. Osaic Holdings Inc. now owns 94,934 shares of the investment management company’s stock worth $519,000 after purchasing an additional 39,145 shares in the last quarter. 21.62% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Company Profile

(Get Free Report)

Liberty All-Star Growth Fund (NYSE: ASG) is a closed-end, diversified management investment company that seeks long-term capital appreciation through exposure to growth-oriented equities. The fund primarily invests in a portfolio of underlying mutual funds and exchange-traded funds managed by established sub-advisers, employing a multi-manager structure designed to capture opportunities across a range of market capitalizations and industry sectors.

Under normal market conditions, ASG allocates the majority of its assets to common stocks of companies it believes exhibit above-average growth potential.

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