Liberty All-Star Equity Fund (NYSE:USA) Short Interest Down 54.0% in March

Liberty All-Star Equity Fund (NYSE:USA) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 109,500 shares, a drop of 54.0% from the February 28th total of 238,200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 776,000 shares, the days-to-cover ratio is currently 0.1 days.

Liberty All-Star Equity Fund Trading Down 1.7 %

Shares of Liberty All-Star Equity Fund stock traded down $0.12 during trading on Friday, reaching $6.54. The company’s stock had a trading volume of 775,091 shares, compared to its average volume of 700,146. Liberty All-Star Equity Fund has a 52 week low of $6.27 and a 52 week high of $7.49. The business’s 50-day moving average price is $6.90 and its 200-day moving average price is $7.05.

Liberty All-Star Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, January 24th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.41%.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC increased its holdings in Liberty All-Star Equity Fund by 0.5% in the 4th quarter. Private Advisor Group LLC now owns 289,973 shares of the closed-end fund’s stock valued at $2,015,000 after buying an additional 1,530 shares during the period. D.A. Davidson & CO. raised its position in Liberty All-Star Equity Fund by 1.0% during the third quarter. D.A. Davidson & CO. now owns 160,495 shares of the closed-end fund’s stock valued at $1,140,000 after purchasing an additional 1,565 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Liberty All-Star Equity Fund by 15.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,507 shares of the closed-end fund’s stock worth $122,000 after purchasing an additional 2,393 shares during the last quarter. Eclectic Associates Inc. ADV boosted its holdings in shares of Liberty All-Star Equity Fund by 14.8% in the 4th quarter. Eclectic Associates Inc. ADV now owns 21,760 shares of the closed-end fund’s stock valued at $151,000 after purchasing an additional 2,805 shares in the last quarter. Finally, WealthTrust Asset Management LLC raised its holdings in shares of Liberty All-Star Equity Fund by 3.7% during the 4th quarter. WealthTrust Asset Management LLC now owns 103,012 shares of the closed-end fund’s stock worth $716,000 after buying an additional 3,680 shares in the last quarter. 9.95% of the stock is currently 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.