Short Interest in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Increases By 7.5%

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 47,100 shares, a growth of 7.5% from the June 30th total of 43,800 shares. Based on an average daily volume of 232,200 shares, the days-to-cover ratio is currently 0.2 days.

Liberty All-Star Growth Fund Trading Down 0.6 %

Shares of ASG stock traded down $0.03 during midday trading on Thursday, hitting $5.38. The company had a trading volume of 70,845 shares, compared to its average volume of 269,377. The company’s 50 day simple moving average is $5.32 and its 200 day simple moving average is $5.32. Liberty All-Star Growth Fund has a 52-week low of $4.47 and a 52-week high of $5.68.

Liberty All-Star Growth Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, July 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.48 annualized dividend and a dividend yield of 8.92%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Karpus Management Inc. boosted its stake in shares of Liberty All-Star Growth Fund by 162.5% in the fourth quarter. Karpus Management Inc. now owns 1,681,642 shares of the investment management company’s stock valued at $8,879,000 after buying an additional 1,040,985 shares in the last quarter. Cornerstone Advisors LLC boosted its stake in shares of Liberty All-Star Growth Fund by 95.8% in the first quarter. Cornerstone Advisors LLC now owns 1,649,968 shares of the investment management company’s stock valued at $9,058,000 after buying an additional 807,460 shares in the last quarter. Shaker Financial Services LLC boosted its stake in shares of Liberty All-Star Growth Fund by 26.2% in the fourth quarter. Shaker Financial Services LLC now owns 1,011,052 shares of the investment management company’s stock valued at $5,422,000 after buying an additional 209,674 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Liberty All-Star Growth Fund by 2,506.5% in the fourth quarter. Avior Wealth Management LLC now owns 129,987 shares of the investment management company’s stock valued at $686,000 after buying an additional 125,000 shares in the last quarter. Finally, Flow State Investments L.P. boosted its stake in shares of Liberty All-Star Growth Fund by 788.2% in the fourth quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock valued at $641,000 after buying an additional 107,651 shares in the last quarter. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

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.