Liberty All-Star Equity Fund (NYSE:USA) Short Interest Up 19.2% in September

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 80,600 shares, a growth of 19.2% from the August 31st total of 67,600 shares. Based on an average daily trading volume, of 764,200 shares, the short-interest ratio is presently 0.1 days.

Liberty All-Star Equity Fund Trading Up 0.5 %

USA stock traded up $0.04 during midday trading on Monday, reaching $7.14. 571,004 shares of the company’s stock traded hands, compared to its average volume of 758,604. The business has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $6.84. Liberty All-Star Equity Fund has a fifty-two week low of $5.62 and a fifty-two week high of $7.23.

Liberty All-Star Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, July 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date of this dividend was Friday, July 19th.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in Liberty All-Star Equity Fund by 46.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 161,633 shares of the closed-end fund’s stock worth $1,031,000 after acquiring an additional 50,896 shares in the last quarter. Focus Financial Network Inc. ADV bought a new stake in Liberty All-Star Equity Fund in the fourth quarter valued at about $977,000. Karpus Management Inc. bought a new stake in Liberty All-Star Equity Fund in the fourth quarter valued at about $321,000. Waterloo Capital L.P. bought a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter valued at approximately $126,000. Finally, Flow State Investments L.P. bought a new stake in Liberty All-Star Equity Fund during the fourth quarter valued at $716,000. 9.95% of the stock is owned by institutional investors and hedge funds.

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.