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

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) was the target of a large growth in short interest in 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 short-interest ratio is currently 0.2 days.

Liberty All-Star Growth Fund Price Performance

Shares of NYSE ASG traded down $0.11 during midday trading on Thursday, hitting $5.30. 151,336 shares of the company traded hands, compared to its average volume of 269,925. The stock has a 50-day moving average price of $5.32 and a 200 day moving average price of $5.32. Liberty All-Star Growth Fund has a 12-month low of $4.47 and a 12-month high of $5.68.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, July 19th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.48 annualized dividend and a yield of 9.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASG. Shaker Financial Services LLC increased 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 worth $5,422,000 after purchasing an additional 209,674 shares in the last quarter. Karpus Management Inc. grew its holdings in Liberty All-Star Growth Fund by 162.5% during the 4th 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. Atria Wealth Solutions Inc. increased its position in Liberty All-Star Growth Fund by 34.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 48,033 shares of the investment management company’s stock worth $258,000 after purchasing an additional 12,368 shares during the last quarter. Flow State Investments L.P. lifted its holdings in shares of Liberty All-Star Growth Fund by 788.2% in the 4th quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock valued at $641,000 after acquiring an additional 107,651 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Liberty All-Star Growth Fund in the 4th quarter worth approximately $268,000. 21.62% of the stock is 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.