Liberty All-Star Equity Fund (NYSE:USA) Stock Short Interest Climbs 111.8%

Liberty All-Star Equity Fund (NYSE:USA) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 110,815 shares, a growth of 111.8% from the August 31st total of 52,318 shares. Based on an average daily volume of 1,193,995 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Liberty All-Star Equity Fund Trading Down 0.4%

Shares of USA stock traded down $0.03 during trading on Tuesday, hitting $5.80. The company had a trading volume of 1,364,111 shares, compared to its average volume of 1,257,767. Liberty All-Star Equity Fund has a one year low of $5.40 and a one year high of $6.47. The stock’s 50-day moving average price is $5.92 and its 200 day moving average price is $5.81.

Liberty All-Star Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, July 16th were issued a dividend of $0.17 per share. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $0.68 annualized dividend and a dividend yield of 11.7%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Several hedge funds have recently bought and sold shares of USA. Fifth Third Bancorp bought a new position in Liberty All-Star Equity Fund in the first quarter valued at approximately $44,000. Canal Capital Management LLC bought a new position in shares of Liberty All-Star Equity Fund in the 1st quarter valued at $60,000. Investmark Advisory Group LLC acquired a new position in shares of Liberty All-Star Equity Fund during the 2nd quarter worth $62,000. Three Magnolias Financial Advisors LLC raised its holdings in shares of Liberty All-Star Equity Fund by 25.0% during the 1st quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after buying an additional 2,500 shares in the last quarter. Finally, World Investment Advisors raised its holdings in shares of Liberty All-Star Equity Fund by 19.5% during the 4th quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock worth $92,000 after buying an additional 2,375 shares in the last quarter. 9.95% of the stock is owned by institutional investors.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a diversified closed-end investment company that seeks long-term capital growth and income by investing primarily in the common stocks of U.S. companies. The fund provides investors with a professionally managed portfolio of equity securities across multiple industries and sectors.

The fund uses a multi-manager investment structure, allocating assets among independent investment management firms with different styles and approaches. This structure is designed to combine growth-oriented and value-oriented strategies while providing exposure to companies of varying sizes and business characteristics.