Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Sees Large Drop in Short Interest

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 73,700 shares, a decline of 15.7% from the October 15th total of 87,400 shares. Based on an average trading volume of 224,300 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its holdings 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 worth $73,000 after acquiring an additional 1,861 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Liberty All-Star Growth Fund during the 3rd quarter valued at $28,000. Blue Bell Private Wealth Management LLC raised its stake in Liberty All-Star Growth Fund by 268.0% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 9,200 shares of the investment management company’s stock valued at $49,000 after buying an additional 6,700 shares during the last quarter. Wedbush Securities Inc. raised its stake in Liberty All-Star Growth Fund by 11.4% during the 2nd quarter. Wedbush Securities Inc. now owns 68,283 shares of the investment management company’s stock valued at $365,000 after buying an additional 7,002 shares during the last quarter. Finally, Quad Cities Investment Group LLC purchased a new stake in Liberty All-Star Growth Fund during the 3rd quarter valued at $56,000. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Price Performance

NYSE ASG traded up $0.01 during mid-day trading on Monday, reaching $5.68. The stock had a trading volume of 97,746 shares, compared to its average volume of 254,640. Liberty All-Star Growth Fund has a 1 year low of $4.89 and a 1 year high of $6.08. The company has a fifty day moving average price of $5.63 and a 200 day moving average price of $5.42.

Liberty All-Star Growth Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 8.45%.

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.