Liberty All-Star Equity Fund (NYSE:USA) Short Interest Update

Liberty All-Star Equity Fund (NYSE:USA) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 229,500 shares, an increase of 80.0% from the December 15th total of 127,500 shares. Based on an average trading volume of 630,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. J.W. Cole Advisors Inc. increased its position in Liberty All-Star Equity Fund by 121.6% in the second quarter. J.W. Cole Advisors Inc. now owns 53,884 shares of the closed-end fund’s stock worth $366,000 after purchasing an additional 29,569 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Liberty All-Star Equity Fund by 134.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 74,856 shares of the closed-end fund’s stock worth $509,000 after buying an additional 42,866 shares during the last quarter. Concorde Asset Management LLC acquired a new position in Liberty All-Star Equity Fund in the second quarter valued at approximately $74,000. XTX Topco Ltd bought a new position in Liberty All-Star Equity Fund in the second quarter valued at approximately $116,000. Finally, WealthTrust Asset Management LLC boosted its stake in Liberty All-Star Equity Fund by 10.0% in the second quarter. WealthTrust Asset Management LLC now owns 87,758 shares of the closed-end fund’s stock valued at $597,000 after acquiring an additional 7,991 shares during the last quarter. Institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Price Performance

Shares of USA traded up $0.10 during mid-day trading on Friday, hitting $7.18. 529,241 shares of the company traded hands, compared to its average volume of 815,383. The business has a 50-day moving average of $7.15 and a 200 day moving average of $7.02. Liberty All-Star Equity Fund has a one year low of $6.27 and a one year high of $7.49.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 24th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.68 annualized dividend and a dividend yield of 9.48%.

About Liberty All-Star Equity Fund

Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.